Tin ingots

Tin Price Outlook

Tin prices remained broadly stable in June before plunging to an over three-year low at the beginning of July amid tumbling sentiment among Chinese investors. On 5 July, tin traded at USD 18,355 per metric ton, which was 4.9% lower than on the same day in the previous month. Moreover, the price was down 6.0% on a year-to-date basis and was 5.8% lower than on the same day last year. Tin prices plummeted in the first week of July as weak Chinese factory data and souring investor sentiment triggered a fire-sale in China’s onshore metals market, with aftershocks reverberating across global markets. In turn, on 2 July, tin recorded the largest daily loss in more than seven years and hit an over three-year low at the LME. A number of factors contributed to July’s fall: Incoming data from China pointed to deteriorating manufacturing sector’s performance, which, coupled with disappointing factory activity in Europe and the U.S., signaled slowing global growth. This has more than outweighed upward price pressure stemming from optimism over the recent trade truce between the U.S. and China. In addition, tumbling semiconductor sales, of which tin is a key component, clouded the demand outlook further. Lastly, tin inventories soared in LME warehouses, adding further downward pressure on prices, although still-limited supply helped to cushion the slump somewhat.

Tin Price History Data (USD per metric ton, aop)

2013  2014  2015  2016  2017  2018  
Tin22272.66  21878.75  16053.44  17960.96  20068.1  20134.02  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Tin Historical Price Chart


Tin historical price chart
Note: Tin prices in USD per metric ton (mt). Daily prices.

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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