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Tin Prices Rise to US$27,100 per Ton on Tuesday, February 21, 2023

Agus Dwi Darmawan 22/02/2023 10:37 WIB

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Tin Prices Rise to US$27,100 per Ton on Tuesday, February 21, 2023

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Three-Month Tin Contract Price Update

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The price of three-month tin commodity contracts is currently rising. Based on trade transactions monitored by Westmetall, the price of three-month tin commodity contracts as of Tuesday, February 21, 2023, reached US$27,100 per ton.

Tin product trading is up 7.54% compared to the beginning of the year and has experienced a year-on-year (YoY) decrease of 0.76%. The highest price for this commodity in 2023 was US$32,100 per ton, reached on January 27, 2023.

This year's average tin price is recorded at US$27,920 per ton. This is a 9.84% decrease from the previous year's price of US$30,960 per ton in 2022.

Regarding tin news, the Ministry of Energy and Mineral Resources (ESDM) plans to stop tin exports in ingot or bar form. However, exports of pure tin bars 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 Rise to US$27,100 per Ton on Tuesday, February 21, 2023

Tin Prices Rise to US$27,100 per Ton on Tuesday, February 21, 2023

Tin Prices Rise to US$27,100 per Ton on Tuesday, February 21, 2023

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Tin Prices Rise to US$27,100 per Ton on Tuesday, February 21, 2023

Tin Prices Rise to US$27,100 per Ton on Tuesday, February 21, 2023

Tin Prices Rise to US$27,100 per Ton on Tuesday, February 21, 2023

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