Tin Price OutlookTin prices trended downwards in recent weeks, on the back of faltering global demand for the base metal due to the coronavirus outbreak which has led to a marked downturn in Chinese industrial production. On 14 February, tin traded at USD 16,510 per metric ton, which was 5.1% lower than on the same day in the previous month. Furthermore, the price was down 3.9% on a year-to-date basis and was 21.2% lower than on the same day last year. The coronavirus outbreak prompted the Chinese government to extend the Lunar New Year holiday, significantly disrupting factories and businesses in the world’s second-largest economy. This has led to a significant downturn in Chinese industrial activity in recent weeks, including in the electronics and manufacturing sectors—key tin-consuming industries—and thus depressing global demand for tin in turn. On the supply side, Indonesia’s largest tin miner PT Timah announced a planned 5% increase in tin output this year, partly offsetting fears of an expected supply shortage amid falling inventories in LME warehouses.
Tin Price History Data (USD per metric ton, aop)
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Tin Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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