On February 2, the London Metal Exchange (LME) reported tin inventories of 7,105 tons, an increase of 10 tons. Among these, registered warehouse receipts accounted for 6,830 tons, while canceled warehouse receipts totaled 275 tons, representing a cancellation rate of 3.87%.
PriceSeek analysis of tin indicates a bearish sentiment with a score of -1. The LME tin inventories increased by 10 tons to 7,105 tons, with a canceled warehouse receipt ratio of only 3.87%, suggesting ample supply and high available inventories, which may exert downward pressure on spot prices. The low cancellation rate indicates strong market liquidity but also signals a potential rise in weak demand risks, overall reflecting a generally bearish factor.
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