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Tin Price Falls to US$21,250 per Ton on Friday, September 2, 2022

Agus Dwi Darmawan 10/09/2022 09:25 WIB

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Tin Price Falls to US$21,250 per Ton on Friday, September 2, 2022

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Three-Month Tin Contract 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 Friday, September 2, 2022, reached US$21,250 per ton.

Tin product trading is down 45.09% compared to the beginning of the year and has decreased by 0.33% year-on-year. The highest price for this commodity in 2022 was US$49,500 per ton, reached on March 8, 2022.

This year's average tin price is recorded at US$35,710 per ton. This is a 14.46% increase from the previous year's price of US$31,200 per ton in 2021.

Regarding the latest information on tin, the Government plans to increase the currently flat 3% tin royalty rate. The planned increase will be implemented progressively, and the exact figures are currently under discussion with industry players.

"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 Price Falls to US$21,250 per Ton on Friday, September 2, 2022

Tin Price Falls to US$21,250 per Ton on Friday, September 2, 2022

Tin Price Falls to US$21,250 per Ton on Friday, September 2, 2022

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Tin Price Falls to US$21,250 per Ton on Friday, September 2, 2022

Tin Price Falls to US$21,250 per Ton on Friday, September 2, 2022

Tin Price Falls to US$21,250 per Ton on Friday, September 2, 2022

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