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Tin Prices Rise to US$23,000 per Ton on Monday, March 13, 2023
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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 Monday, March 13, 2023, reached US$23,000 per ton.
Tin product trading is down 8.73% compared to the beginning of the year and has decreased by 0.89% year-on-year. The highest price for this commodity in 2023 was US$32,100 per ton, reached on January 27, 2023.
The average tin price this year is recorded at US$27,040 per ton. This is down 12.66% from the previous year, which stood at US$30,960 per ton in 2022.
Regarding tin news, the Ministry of Energy and Mineral Resources (ESDM) plans to stop the export of tin in ingot form. However, exports of pure tin ingots with a stannum (Sn) content of 99.9% 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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