Data released by the London Metal Exchange (LME) showed that LME tin inventory first decreased and then increased last week. On July 23, it fell to a new low of 1,690 mt in over two years, before rebounding somewhat. This week, inventory continued to accumulate, with the latest inventory level reaching 1,855 mt.
Data released by the Shanghai Futures Exchange (SHFE) showed that during the week of July 25, SHFE tin inventory continued to rebound, with weekly inventory increasing by 3.76% to 7,417 mt, reaching a new high in one and a half months.
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 LME and SHFE since 2023
The following are tin inventory data at LME and SHFE since July 2025: (Unit: mt)
