Tin Price OutlookTin prices were volatile over the past month, as surging coronavirus infections globally ate into the upward pressure stemming from strong industrial demand in China. On 6 November, tin traded at USD 18,351 per metric ton, which was 1.1% higher than on the same day in the previous month. Meanwhile, the price was up 6.8% on a year-to-date basis and was 10.9% higher than on the same day last year. Healthy economic activity in China boosted tin prices in recent weeks, amid a strong Q3 GDP outturn and accelerating industrial production in September. This, coupled with expectations of sturdy demand ahead due to the government’s massive fiscal spending program on infrastructure and construction, sent tin prices soaring to a near one-and-a-half year high on 21 October. However, prices fell somewhat at the tail-end of October, hurt by the reintroduction of lockdown measures in most EU countries. More positively, strong manufacturing data in China and the U.S. lifted prices again in early November, although election-related uncertainty in the U.S. tempered the upturn.
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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