Tin Price OutlookTin prices gained some ground in recent weeks amid heightened concerns over supply, which helped to offset downward pressure stemming from waning Chinese manufacturing growth. On 2 November, tin traded at USD 19,111 per metric ton, which was up 0.9% from the same day last month. However, the price was 4.9% lower on a year-to-date basis and it also was down 3.4% from the same day last year. Escalating trade tensions between the U.S and China, which is the world's largest consumer of tin, continued to weigh on global tin prices throughout October. Third-quarter data from China suggested the ongoing conflict took its toll on growth: GDP decelerated to the slowest pace since 2009 as the country’s manufacturing sector lost steam, thus dampening the outlook for demand for base metals. On a more positive note, tin prices received a boost in mid-October, after it emerged that the trading of tin ingots and tin ore in Indonesia—one of the largest global producers of the metal—had been suspended on the country’s Commodity & Derivatives Exchange. Tin prices slid slightly again in the last days of October, after the U.S. president mulled doubling down on trade tariffs against China.
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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