Tin stocks held in Shanghai Futures Exchange-approved warehouses jumped up by over 16% as of Friday May 10 due to weak demand, while lead stocks also rose by about 10% but inventories for other base metals fell.
SHFE tin stocks totaled 8,477 tonnes on May 10, up 1,181 tonnes from 7,296 tonnes on April 30, which reflects a weak domestic market and a closed import window, according to market participants. The SHFE was closed last Friday, May 3, due to the national Labor Day holiday that ran from May 1 to 4 this year. The largest inflows in the reporting period...