Tin Price OutlookTin prices trended upwards in recent weeks after the U.S. dollar weakened following the Fed’s more dovish tone in January’s meeting. On 8 February, tin traded at USD 21,097 per metric ton, which was up 5.8% from the same day in the previous month. In addition, the price was 8.1% higher on a year-to-date basis although it also was down 1.5% from the same day last year. Positive momentum in tin prices has carried over into February amid sustained global supply fears. Continued export delays out of Indonesia and tumbling tin ore exports from Myanmar—two of the world’s leading tin exporters—were reported for December, and likely persisted into this year. This was reflected by declining tin inventories, with stocks in LME warehouses dropping to their lowest level in 20 years at the end of December and hovering around the same level in January. Meanwhile, a weaker U.S. dollar in the second half of January exerted further upward pressure to tin prices. The softening was chiefly driven by the introduction of a more dovish tone by the Fed, as well as by fears of a slowdown in the United States. This has more than offset downward pressures stemming from disappointing Chinese manufacturing data.
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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