The London Metal Exchange (LME) released data showing that LME tin inventory first increased and then decreased last week, and continued to decline this week, with the latest inventory level at 3,555 mt.
The Shanghai Futures Exchange (SHFE) released data indicating that SHFE tin inventory slightly accumulated during the week of March 21, with a weekly increase of 0.99% to 8,605 mt, reaching a four-month high.
Note: Generally, continuous inventory declines in domestic and overseas exchanges will support futures prices, while the opposite will have a bearish impact on futures prices.

Comparison of LME and SHFE Tin Inventory Since 2023
Below is the tin inventory data for LME and SHFE since March 2025 (unit: mt)



![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)
