SHFE Tin Inventory Hit A New High in Nearly Two Years

According to data released by the London Metal Exchange (LME), LME tin inventories fell back after climbing to a two-and-a-half month high of 3,220 mt on February10 and saw limited fluctuations last week. LME tin inventories stood at 3,110 mt as of February 21.

SHFE tin inventory posted seven straight weeks of rise and added 11.3% on a weekly basis to 8,744 mt as of February 17, a new high in nearly two years.