Perhaps Reuters can explain it better...
LOW STOCKS, TIGHT SPREADS
The effects of that dynamic are clear to see on the London market. LME stocks fell by 49 percent, or 5,995 tonnes, last year and at a current 4,890 tonnes open tonnage is low by any historical benchmark.
Nor has much tin found its way into Shanghai Futures Exchange (SHFE) warehouses since the launch of the new contract in March 2015. Total registered tonnage stands at just 696 tonnes.
Tic-toc, the tin bull market is coming... And CSD is well placed with its advanced stage tin project ready to rumble.
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