Overseas Inventories Significantly Increased, Tin Prices Plunged Sharply [Intraday News]

Overnight, the LME three-month tin contract plunged by 3.91%, dragging down SHFE tin, which once fell by more than 3%. At the beginning of today's daytime session, SHFE tin continued its weak performance, with the most-traded contract dropping by over 4%. Yesterday, LME tin inventory increased significantly, rising from 2,990 mt to 3,435 mt, a daily increase of 15%. Nearly 500 mt were delivered to the Malaysian warehouse, alleviating concerns about tin supply. Recently, the escalation of global trade conflicts has led to a sell-off in commodities amid risk-off sentiment, resulting in a catch-up decline in tin prices, which had previously shown relative strength.