Tin prices averaged USD 27,452 per metric ton in March, up 5.2% from February. On 29 March, the commodity traded at USD 27,484 per metric ton, up 4.2% from 29 February.
Prices continued to rise in March, as tin exports from top producer Indonesia have been close to zero in recent months: In February, Indonesian exports fell 98% year on year, after dropping 99% in January. Delays in securing permits amid bureaucratic changes remained the key constraint. That said, prices fell in the second half of March, as the country accelerated its mining quota approval process.
Tin LME (prices in US$/mt, aop)
Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | |
---|---|---|---|---|---|---|---|---|
Tin LME | - | - | - | - | - | 36,875 | 23,716 | 21,631 |