SHFE Tin Inventories Increased for Four Weeks in a Row to Hit 8-Month High

LME tin inventories climbed to a one-month high of 3,090 mt on January 12 and then the inventories began to fall. On January 19, LME tin inventories dropped to a near nine-month low of 2,825 mt before rising, standing at 3,015 mt currently.

In the week of January 20, SHFE tin inventory continued to rise and has climbed for four weeks on end, growing to an eight-month high of 6,843 mt with a weekly gain of 2.58%.