Tin Price OutlookAfter receiving a blow last month, tin prices recovered their losses in recent weeks, rising to a fresh record high on 24 September, on low inventories and tight supply. On 7 October, tin traded at USD 36,325 per metric ton, which was up 11.8% from the same day in the previous month. Moreover, the price was 76.8% higher on a year-to-date basis and was up 100.9% from the same day last year. Prices for tin soared over the past month on the back of depleting stockpiles in exchange warehouses, coupled with still-strong demand. On top of this, lingering Covid-19 restrictions in top producers Indonesia and Malaysia, combined with constrained output in China due to ongoing power rationing, further boosted prices. That said, China’s property market crisis, amid liquidity problems with both Evergrande and Fantasia Holdings, sent signals of waning construction activity in the country. This, together with the U.S. Fed’s statement in September that it might roll back its bond purchasing as soon as November and could hike rates next year, likely capped 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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