LME tin inventory drops to a new low in over two years, while SHFE tin inventory rebounds slightly

Data released by the London Metal Exchange (LME) showed that LME tin inventory fluctuated within a range last week and pulled back this week, with the latest inventory level standing at 1,715 mt, hitting a new low in over two years.

Data released by the Shanghai Futures Exchange (SHFE) indicated that SHFE tin inventory fluctuations have been limited recently. During the week of July 18, SHFE tin inventory rebounded slightly, with weekly inventory increasing by 0.72% to 7,148 mt.

Note: Generally speaking, 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 July 2025 (unit: mt):