LME tin stocks up 5 ton on Mar 11 from previous day

LME Tin Stockpile: As of March 11, 2025, LME Tin inventory recorded 3720 tonnes, a slight increase of 5 tonnes from the previous day. Over the past week, the cumulative decrease in LME Tin stockpile has been 10 tonnes, representing a 0.27% drop. In the last month, the cumulative decline has been 460 tonnes, amounting to an 11% decrease. Historical data indicates that the highest inventory level since March 14, 2022, was 8205 tonnes, while the lowest was 1510 tonnes. The average inventory level has been 4436.329365 tonnes. Currently, the inventory of 3720 tonnes is 19.26% below the average.

The London Metal Exchange (LME) tin stockpile recorded a slight increase of 5 tonnes to 3720 tonnes as of March 11, 2025 [1]. However, this inventory level is still 19.26% below the historical average of 4436.33 tonnes [1].

Supply constraints continue to be a significant factor influencing the tin market. Lower-than-expected activity in major tin mines in Myanmar's Wa State and restrictions on mining quotas in Indonesia have kept ore availability for Chinese smelters at low levels [2]. As a result, the price of tin has increased by 3.52% since the beginning of 2025, trading above $30,000 per tonne [2].

Historical data indicates that the highest inventory level since March 14, 2022, was 8205 tonnes, while the lowest was 1510 tonnes [3]. Despite the current inventory level being below average, the LME tin stockpile has decreased by 460 tonnes over the past month, representing an 11% decline [1].

The outlook for manufacturing out of top consumer China is mixed. While the latest credit aggregates show that the economy increased investment following the series of monetary stimulus measures from the PBOC, the latest manufacturing PMI unexpectedly pointed to a contraction in activity [2].

Looking forward, the price of tin is expected to trade at $29,942.42 per tonne by the end of this quarter and $31,972.56 in 12 months time [2]. However, continued supply constraints could lead to further increases in the price of tin, potentially driving the inventory levels back up towards historical averages.

References:

[1] London Metal Exchange. (n.d.). LME Tin. Retrieved March 13, 2025, from https://www.lme.com/Metals/Non-ferrous/LME-Tin

[2] Trading Economics. (2025, March 13). Tin. Retrieved March 13, 2025, from https://tradingeconomics.com/commodity/tin

[3] West Metall. (n.d.). Tin date LME Tin Cash-Settlement LME Tin 3-month LME Tin stock. Retrieved March 13, 2025, from https://www.westmetall.com/en/markdaten.php?action=table&field=LME_Sn_cash