The tin inventories of the two major exchanges showed divergence, with SHFE tin inventory rising to a six-month high.

The London Metal Exchange (LME) released data showing that LME tin inventory experienced a rapid decline last week, while this week's inventory remained stable. The latest inventory level stood at 3,050 mt, the lowest in nearly two years.

The Shanghai Futures Exchange (SHFE) reported that during the week of March 28, SHFE tin inventory continued to accumulate, with a weekly increase of 7.55% to 9,255 mt, reaching a six-month high.

Note: Generally, a continuous decline in domestic and overseas exchange inventories will support futures prices, while the opposite will have a bearish impact on futures prices.

Comparison of LME and SHFE Tin Inventories Since 2023

Below are the LME and SHFE tin inventory data since March 2025 (unit: mt):