Tin Price OutlookTin prices have gained further ground in recent weeks. On 9 September, tin traded at USD 19,357 per metric ton, hitting a multi-year high level. The figure was 5.2% higher than on the same day in August and was up 32.7% on a year-to-date basis. Moreover, the figure was 27.2% higher than on the same day last year. Prices remain at relatively-high levels, making tin one of the best-performing base metals this year. Tin prices are being supported by a supply shortage, in particular from China, which is the world’s biggest tin producer. The Chinese government recently began an environmental inspection in major provinces in the country, leading to the suspension and cutting of tin production in some smelters. Affected smelters account for nearly half of the annual tin production in China, thus putting upward pressure on prices. The supply of tin this year has also been affected by production cuts in Indonesia—the world’s second-biggest producer—even though recent export data show that the country’s tin output is slowly picking up.
Tin Price History Data (USD per metric ton)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Note: London Metal Exchange (LME) Tin, prices in USD per metric ton (mt). Prices are average of period (aop).
Tin Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities