Data released by the London Metal Exchange (LME) showed that LME tin inventory declined overall last week and continued to pull back this week, with the latest inventory level at 2,415 mt, hitting a nearly two-year low.
Data released by the Shanghai Futures Exchange (SHFE) indicated that SHFE tin inventory continued to decline in the week ending June 6, with weekly inventory decreasing by 9.07% to 7,372 mt, reaching a three-month low.
Note: Generally, a continuous decline in inventory at domestic and overseas exchanges will support futures prices, while the opposite will have a bearish impact on futures prices.

Comparison of tin inventory at the LME and SHFE since 2023
The following are tin inventory data at the LME and SHFE since May 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)
