Tin Prices Fall to US$24,550 per Ton on Wednesday, July 20, 2022

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Agus Dwi Darmawan 25/07/2022 08:58 WIB

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Tin Prices Fall to US$24,550 per Ton on Wednesday, July 20, 2022

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Three-Month Tin Price Update

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The price of three-month tin commodity contracts is currently declining. Based on trades monitored by Westmetall, the price of three-month tin commodity contracts as of Wednesday, July 20, 2022, reached US$24,550 per ton.

Tin product trading is down 36.56% compared to the beginning of the year and has decreased by 0.56% year-on-year. The highest price for this commodity in 2022 was US$49,500 per ton, reached on March 8, 2022.

The average price for the year so far is US$38,340 per ton (January-July 2022 period). This is a 22.87% increase, or US$7,136.73 per ton, compared to the average price of the previous year.

Regarding tin news, the Ministry of Energy and Mineral Resources (ESDM) plans to halt exports of tin in ingot form. However, exports of pure tin ingots with 99.9% stannum (Sn) content will still be permitted.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Tin Prices Fall to US$24,550 per Ton on Wednesday, July 20, 2022

Tin Prices Fall to US$24,550 per Ton on Wednesday, July 20, 2022

Tin Prices Fall to US$24,550 per Ton on Wednesday, July 20, 2022

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Tin Prices Fall to US$24,550 per Ton on Wednesday, July 20, 2022

Tin Prices Fall to US$24,550 per Ton on Wednesday, July 20, 2022

Tin Prices Fall to US$24,550 per Ton on Wednesday, July 20, 2022

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