Tin Price OutlookTin prices soared to a fresh record high on 20 October, largely on the back of strong demand and supply fundamentals. On 5 November, tin traded at USD 38,110 per metric ton, which was 5.0% higher than on the same day in the previous month. Moreover, the price was up 85.5% on a year-to-date basis and was 108.9% higher than on the same day last year. Surging demand, against the backdrop of tight supply and emptying inventories, continued to be the main driver of the tin price rally in recent weeks. Ongoing—albeit gradually easing—power rationing in China has slowed the country’s production in recent months, which, combined with environmental checks at production sites, resulted in declining output in September. On top of this, output curbs in top producers Indonesia and Malaysia, due to the health situation, have further exacerbated supply concerns. That said, on 3 November, Malaysia Smelting Corporation announced that it would lift its force majeure, somewhat cooling supply worries and moderating the overall rise in prices.
Tin Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Tin Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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