The recent drop in the Tin price has seen a massive drawdown on the Tin inventory especially on the SHFE.
Back on the 24 May there was a total of 22,788 in Tin inventory which is now just 14,926 with 1,151 of that no longer on warrant. So in just 84 days the Tin inventory has declined a total of -7,862 or -94 a day. If this drawdown rate continues it'll run out in 160 days and for the Tin price to substantially increase the inventory doesn't need to run out it just needs to get dangerously low.
The LME inventory only has 3,965 live warrants and whilst it has only been declining at a slow rate you only need a couple of big draws and we'll see some panic and potentially some big swings in the Tin price IMO.
Period
LME
SHFE
Total
1
24-May-24
4,970
17,818
22,788
2
16-Aug-24
4,140
10,786
14,926
3
Change
-830
-7,032
-7,862
MLX Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)