Base metals inventories, with the exceptions of lead and copper, were reported to be higher in Shanghai Futures Exchange-registered warehouses in the week to Friday January 29, with tin up by the most in percentage terms, rising by 22.1% over the past week.
Tin inventories increased by 1,139 tonnes week on week to 6,291 tonnes, with the 830 Huangpu warehouse in Guangdong and the SIPG Logistics Suzhou warehouse in Jiangsu both seeing similar large inflows of 497 tonnes this week, taking them up to 2,922 tonnes and 509 tonnes respectively, according to the stocks report.SHFE tin futures prices have been boosted by tin supply shortages globally. This promoted deliveries of...