LME tin inventory was holding in in the mid 4,000's for a while however has starting to decline again with live warrants just 3,575.
SHFE tin inventory on the other hand has been increasing currently sitting at 6,849 however I wonder how much of this is on the back of a build up over the Chinese New Year. Daily contract volume over the last week has been high so I wonder if any of this will translate into a drawdown of SHFE inventory in the coming days.
I gotta say I'm liking the look of this chart.... red line LME tin price and orange line LME tin inventory.
MLX Price at posting:
53.8¢ 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)