The inventory of Shanghai tin increased by more than 20%, reaching a record high in over four months.
Data released by the LME shows that after reaching a new high for over seven years on December 18th, London tin inventory entered a downward trend. Last week, London tin inventory continued to decline, and on Monday of this week, the inventory fell to a near five-month low of 6340 tons. Yesterday, the inventory saw a significant increase, with the latest inventory level at 6605 tons.
Data released by the Shanghai Futures Exchange shows that in the week of January 26th, the inventory of Shanghai tin increased significantly by 23.75% to 8148 tons, reaching a new high in over four months.
