The calm before the storm?
Over the last two weeks, tin stockpiles on the SHFE have decreased by 9.5%, with a notable loss of 1,324 tonnes last Friday, marking the highest single-week depletion in over a year.
China, the biggest tin smelter and consumer in the world, is currently experiencing a tin concentrate shortfall and is finding it difficult to make up for this with refined tin purchases due to production setbacks and disruptions in major tin-producing countries like Indonesia, Myanmar and Malaysia.
The recent reductions in SHFE tin stockpile may be a passing trend, but given the ongoing increase in demand, it is more likely an indication of a serious global tin shortage that is about to hit our supply-chain shores.
All IMO, DYOR GLTA(patient)H
SRZ - Media, page-30
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