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Tin Price Rises to US$24,825 per Ton on Thursday, April 13, 2023

Agus Dwi Darmawan 14/04/2023 10:27 WIB

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Tin Price Rises to US$24,825 per Ton on Thursday, April 13, 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 trades monitored by Westmetall, the price of three-month tin commodity contracts reached US$24,825 per ton on Thursday, April 13, 2023.

Tin product trading is down 1.49% compared to the beginning of the year and has experienced a year-on-year (YoY) decrease of 0.58%. The highest price for this commodity in 2023 was US$32,100 per ton, reached on January 27, 2023.

The average price for this year is US$26,240 per ton for the January-April 2023 period. This is down 15.26%, or a decrease of US$4,725.5 per ton, from the previous year's average price.

Regarding the latest information on tin, the Government plans to increase the currently flat 3% tin royalty rate. The planned increase will be implemented progressively, and the 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 Rises to US$24,825 per Ton on Thursday, April 13, 2023

Tin Price Rises to US$24,825 per Ton on Thursday, April 13, 2023

Tin Price Rises to US$24,825 per Ton on Thursday, April 13, 2023

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Tin Price Rises to US$24,825 per Ton on Thursday, April 13, 2023

Tin Price Rises to US$24,825 per Ton on Thursday, April 13, 2023

Tin Price Rises to US$24,825 per Ton on Thursday, April 13, 2023

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