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Tin Prices Rise to US$24,275 per Ton on Wednesday, May 24, 2023
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The price of three-month tin contracts is currently rising. Based on trades monitored by Westmetall, the price of three-month tin contracts reached US$24,275 per ton on Wednesday, May 24, 2023.
Tin trading is down 3.67% compared to the beginning of the year and has experienced a year-on-year (YoY) decrease of 0.57%. The highest price for this commodity in 2023 was US$32,100 per ton, reached on January 27, 2023.
The average price for the year so far (January-May 2023) is US$26,120 per ton. This is a 15.64% decrease, or a drop of US$4,843.32 per ton, compared to the average price of the previous year.
"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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