Tin stocks at London Metal Exchange warehouses have fallen further since the start of 2018, with a 34% reduction in on-warrant stocks pushing tin prices to a three-month high.
Total tin stock levels are at 1,780 tonnes as of Wednesday January 24 - their lowest since the 1980s - after a series of cancelations and deliveries out since January 10. This is in comparison with the start of 2017, when January saw 2,480 tonnes of tin delivered into LME-listed warehouses. "Tin prices will be looking to touch back over $21,000 per tonne; there is enough tightness in the market and stocks look worryingly low," a trader said, adding, "There was a period in December where we thought stocks...