Tin prices averaged USD 25,574 per metric ton in September, down 1.8% from August’s price but 21.1% higher year on year. On 29 September, tin traded at USD 23,664 per metric ton, 5.7% lower month on month.
Prices slid in September amid downbeat manufacturing momentum in most large economies, as signaled by contractionary PMI readings in the Eurozone, Japan and the U.S. Additionally, survey data for August showed that the electronics sector—one of the key users of tin—weakened. Nonetheless, demand from China likely strengthened somewhat, supported by monetary easing and sturdier manufacturing activity in September. Supply-wise, recent developments were mixed: Chinese output fell in August amid maintenance work. However, it likely recovered in September thanks to the reopening of a smelter in Yunnan and healthy tin ore inflows in recent months.
Tin LME (prices in US$/mt, aop)
Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | |
---|---|---|---|---|---|---|---|---|
Tin LME | - | - | - | - | 43,214 | 36,875 | 23,716 | 21,631 |