Description
The LME Total Inventory for Tin is published by the London Metal Exchange (LME). This indicator measures the total amount of tin held in LME-approved warehouses. It is used to gauge the supply levels of tin in the market, which can influence tin prices. High inventory levels typically indicate an oversupply, which can lead to lower prices, while low inventory levels may indicate a shortage, potentially driving prices up.
The total inventory is calculated by summing up the amount of tin stored in all LME-approved warehouses globally. The data is collected and reported based on the actual physical stock levels.
The inventory data is updated daily and is available at the end of each trading day.