Tin Prices

Tin prices averaged USD 31,554 per metric ton in August, down 1.0% from July. On 30 August, the commodity traded at USD 32,506 per metric ton, up 9.1% from 31 July.

Prices averaged below July’s level in August, as weak industrial momentum in China drove a broad-based downturn across most base metals. Nonetheless, tin prices trended upwards in late August, closing the month on a high note. Electronics survey data for July pointed to a recovery in the sector, which is expected to have continued in August. Additionally, exports of tin from Indonesia more than halved year on year in July, worsening from June’s contraction and likely adding further upward pressure to prices.