Data released by the London Metal Exchange (LME) showed that LME tin inventory has been fluctuating within a range recently, with the latest inventory level at 2,155 mt, a relatively low level in the past two years.
Data released by the Shanghai Futures Exchange (SHFE) indicated that during the week ending June 20, SHFE tin inventory continued to decline, with a 2% week-on-week decrease to 6,965 mt, reaching a four-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 LME and SHFE since 2023
The following are the tin inventory data at LME and SHFE since June 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)
