On January 29, the London Metal Exchange (LME) reported tin inventories of 7,095 tons, an increase of 35 tons. Among these, registered warehouse receipts accounted for 6,895 tons, while canceled warehouse receipts stood at 200 tons, representing a cancellation ratio of 2.82%.

PriceSeek’s analysis of tin indicates a bearish sentiment with a score of -1. The increase in LME tin inventories by 35 tons to 7,095 tons, coupled with a low cancellation ratio of only 2.82%, suggests reduced inventory liquidity and rising supply pressure. This typically reflects weak demand or oversupply, exerting downward pressure on spot tin prices and potentially driving prices lower.