Tin Price OutlookTin prices remained broadly stable over the past month, supported by gradually recovering Chinese demand and still-constrained global supply. An extremely grim global demand backdrop due to the Covid-19 pandemic continued to weigh on prices, however. On 15 May, tin traded at USD 15,118 per metric ton, which was 0.2% lower than on the same day in the previous month. Meanwhile, the price was down 12.0% on a year-to-date basis and was 24.6% lower than on the same day last year. The demand backdrop improved somewhat in recent weeks, mostly thanks to recovering economic activity in top metal consumer China, after the country declared it had successfully contained the spread of coronavirus. Cautious optimism over the rebounding Chinese economy and news of other major economies—including the EU, UK and U.S.—gradually reopening for business supported tin prices though early May. That said, the overall economic panorama remained downbeat, amid a looming global recession due to Covid-19, thus preventing prices from regaining lost round. Meanwhile, sustained supply disruptions and constrained production boded well for tin prices thus far in Q2.
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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