SHANGHAI, Jan 19 - LME tin inventory dropped to a multi-year low of 645 mt as of November 2, and then bottomed out to a five-month high of 2,160 mt as of November 13, when the inventory dropped again afterwards to 2,125 mt, the latest reading.
SHFE tin stocks, on the other hand, has been rising for two weeks. SHFE tin inventory recorded a weekly gain of 68.6% or 2,905 mt in the week of January 14, refreshing its five-month high.

![The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/WWXJU20251217171753.jpg)
![The most-traded SHFE tin contract fluctuated rangebound during the night session, with downstream enterprises mostly following up with small-lot transactions. [SMM Tin Morning Brief]](https://imgqn.smm.cn/usercenter/bYFQn20251217171752.jpg)
