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Tin Price Falls to US$24,200 per Ton on Wednesday, December 14, 2022

Agus Dwi Darmawan 22/12/2022 09:10 WIB

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Tin Price Falls to US$24,200 per Ton on Wednesday, December 14, 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 Wednesday, December 14, 2022, reached US$24,200 per ton.

Tin product trading is down 37.47% compared to the beginning of the year and has decreased by 0.63% 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 was US$31,300 per ton for the January-December 2022 period. This is a 0.33% increase, or US$102.89 per ton, compared to the previous year's average price.

Regarding tin news, the Ministry of Energy and Mineral Resources (ESDM) plans to halt tin exports in ingot form. However, exports of pure tin ingots with a 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 Price Falls to US$24,200 per Ton on Wednesday, December 14, 2022

Tin Price Falls to US$24,200 per Ton on Wednesday, December 14, 2022

Tin Price Falls to US$24,200 per Ton on Wednesday, December 14, 2022

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Tin Price Falls to US$24,200 per Ton on Wednesday, December 14, 2022

Tin Price Falls to US$24,200 per Ton on Wednesday, December 14, 2022

Tin Price Falls to US$24,200 per Ton on Wednesday, December 14, 2022

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