Tin Prices

Tin prices averaged USD 28,861 per metric ton in December, down 2.7% from November. On 31 December, the commodity traded at USD 28,846 per metric ton, up 0.5% from 29 November.

Prices declined in December from November’s average on the heels of a weaker demand backdrop. Survey data for the tin-intensive electronics sector pointed to a continued decline in activity. In addition, the U.S. dollar strengthened against a basket of currencies over the past month, making the metal less affordable for holders of other currencies. Supply-wise, the continued recovery of Indonesia exports in recent months likely capped prices further.