On January 12, the London Metal Exchange (LME) reported tin inventories of 5,905 tons, an increase of 490 tons. Among these, registered warrants totaled 5,790 tons, while canceled warrants amounted to 115 tons, accounting for 1.95% of the total. According to PriceSeek's analysis of tin, the sentiment score stands at -1.5.

The increase of 490 tons in LME tin inventories to 5,905 tons, with registered warrants at 5,790 tons and canceled warrants at 115 tons (representing only 1.95% of the total), indicates a significant rise in supply coupled with weak demand. This presents a strong bearish signal for spot tin prices, potentially leading to a decline.

When combined with data from the LME tin futures main contract, the rise in inventories reinforces market expectations of oversupply, exerting downward pressure on futures prices as well. In the short term, bearish sentiment has intensified.