On January 13, the London Metal Exchange (LME) reported tin inventories of 5,930 tons, an increase of 25 tons. Among these, registered warrants accounted for 5,785 tons, while canceled warrants stood at 145 tons, representing a cancellation rate of 2.45%.

PriceSeek's analysis of tin indicates a bearish sentiment with a score of -1. The increase in LME tin inventories by 25 tons to 5,930 tons, coupled with a low cancellation rate of only 2.45%, suggests inventory accumulation and weak demand for physical delivery. This reflects an oversupply situation and insufficient downstream demand, exerting significant downward pressure on spot tin prices. The data clearly signals bearish factors, and spot prices are expected to face downward pressure.