Tin Price OutlookTin prices gained ground in recent weeks against the backdrop of a weaker U.S. dollar and increased fears over market supply. On 11 January, tin traded at USD 20,380 per metric ton, which was up 6.4% from the same day in the previous month. In addition, the price was 4.4% higher on a year-to-date basis and also was up 0.7% from the same day last year. Tin prices have trended firmly upwards since dropping to an over two-year low at the end of November and, on 8 January, hit the psychological USD 20,000 mark for the first time since July 2018. Strong upward price pressure came from intensifying global supply fears due to sustained export delays out of Indonesia, which is the world’s leading tin exporter. In addition, tin inventories declined in late-December, dropping to their lowest level in 20 years in LME warehouses, thus further propping up prices. Meanwhile, softening trade tensions between the U.S. and China, as well as a weaker greenback, also helped sustain higher prices at the start of 2019. Nevertheless, the absence of a more meaningful breakthrough in trade talks and weak Chinese manufacturing data prevented further price gains at the beginning of January.
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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