Tin Price OutlookTin prices gained some ground in recent weeks, against the backdrop of robust demand and despite slowing global growth. On 8 March, tin traded at USD 21,420 per metric ton, which was up 1.5% from the same day in the previous month. In addition, the price was 9.7% higher on a year-to-date basis although it was down 1.0% from the same day last year. According to the International Tin Association, the consumption of the base metal exceeded expectations last year while upbeat consumption has carried over into 2019, seemingly on the back of healthy growth in electronics markets where tin is a major input. Furthermore, global supply fears persisted in recent weeks. News of export relief for PT Indonesia, a key Indonesian smelter inspector, have so far failed to produce tangible downward price pressures, as full resumption of Indonesian exports appears unlikely in the short-term. In addition, tin inventories remained at historically low levels at the beginning of the year, adding further support to the prices. However, disappointing Chinese manufacturing data and slowing global growth, amid the ongoing trade spat between the U.S. and China, prevented stronger price gains.
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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