Tin Price Outlook
Tin prices plunged over the past month, as supply fears continued to recede and demand prospects softened. Prices averaged USD 35,992 per metric ton in May, which was down 16.3% from April's price but was 11.6% higher than in the same month last year. On 31 May, tin traded at USD 34,935 per metric ton, which was 14.1% lower than on the same day of the previous month. A deteriorating demand backdrop seems to have primarily caused the downturn in tin prices over the past month. Industrial appetite in top consumer China was hit by protracted Covid-19 lockdowns disrupting economic activity. This, coupled with decelerating global growth and downward revisions to this year’s GDP forecasts—amid soaring inflation and tightening monetary policy in most developed economies—boded poorly for consumption, consequently hammering tin prices. That said, prices remained significantly above last year’s average as overall demand from the semiconductor industry remained strong. Meanwhile, the supply backdrop seems to have improved in recent weeks, partly thanks to rising output in China, which should have further weighed on prices.Tin Price History Data (USD per metric ton, aop)
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Tin | 16053.44 | 17960.96 | 20068.1 | 20134.02 | 18633.23 |
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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