Data released by LME show that Lunxi inventory fluctuates in a range recently. Lunxi inventory fell after rising to a 13-month high of 2475 tons on February 3. Lunxi inventory as a whole still declined last week and fell sharply yesterday, with the latest inventory level of 2275 tons.
Shanghai tin inventories fell slightly in the week of February 18, falling 6.73 per cent to 3185 tonnes, a relatively high level in seven and a half months, according to data released last week.
Note: generally speaking, declining stocks in domestic and foreign exchanges will support the futures price, otherwise, it will be bad for the futures price.
Comparison of tin inventory between LME and previous stock since 2020
The following is the tin inventory data of LME and Shanghai Stock Exchange since February 2022: (in tons)
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