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Tin Price Falls to US$24,000 per Ton on Tuesday, April 11, 2023

Agus Dwi Darmawan 12/04/2023 10:44 WIB

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Tin Price Falls to US$24,000 per Ton on Tuesday, April 11, 2023

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Three-Month Tin Contract Price Update

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The price of three-month tin contracts is currently declining. Based on transactions monitored by Westmetall, the price of three-month tin contracts as of Tuesday, April 11, 2023, reached US$24,000 per ton.

Tin product trading is down 4.76% compared to the beginning of the year and has experienced a year-on-year (YoY) decrease of 0.86%. The highest price for this commodity in 2023 was US$32,100 per ton, reached on January 27, 2023.

The average price so far this year is US$26,290 per ton (January-April 2023 period). This is down 15.09%, or US$4,671.16 per ton, from the average price of the previous year.

Regarding the latest information on tin, the Government plans to increase the currently flat tin royalty rate of 3%. The 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$24,000 per Ton on Tuesday, April 11, 2023

Tin Price Falls to US$24,000 per Ton on Tuesday, April 11, 2023

Tin Price Falls to US$24,000 per Ton on Tuesday, April 11, 2023

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Tin Price Falls to US$24,000 per Ton on Tuesday, April 11, 2023

Tin Price Falls to US$24,000 per Ton on Tuesday, April 11, 2023

Tin Price Falls to US$24,000 per Ton on Tuesday, April 11, 2023

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