SHANGHAI, Aug 24 – According to the latest data released by LME, LME inventory added as a whole last week to a nearly two-year high at 4,190 mt as of August 19, and then fell this week to 4,090 mt the latest.
On the contrary, SHFE tin inventory has been falling for three straight weeks. In the week of August 19, the inventory fell 10.6% to 2,826 mt on a weekly basis, a new low in almost two months.
Note: In general, declining SHFE and LME inventory is bearish for the futures prices, and vice versa.
