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Tin Price Falls to US$23,900 per Ton on Wednesday, April 12, 2023
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The price of three-month tin contracts is currently declining. Based on trades monitored by Westmetall, the price of three-month tin contracts as of Wednesday, April 12, 2023, reached US$23,900 per ton.
Tin trade is down 5.16% compared to the beginning of the year and has experienced a year-on-year decrease of 0.72%. 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$26,260 per ton. This is a 15.2% decrease 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 halt the export of tin 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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