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Tin Prices Rise to US$30,350 per Ton on Wednesday, January 25, 2023

Agus Dwi Darmawan 27/01/2023 09:07 WIB

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Tin Prices Rise to US$30,350 per Ton on Wednesday, January 25, 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 trade transactions monitored by Westmetall, the price of three-month tin commodity contracts as of Wednesday, January 25, 2023, reached US$30,350 per ton.

Tin product trading is up 20.44% compared to the beginning of the year and has experienced a decrease of 0.57% year-on-year. The highest price of this commodity during 2023 was traded at US$30,350 per ton, which occurred on January 25, 2023.

The average price for this year is US$27,560 per ton for the January-January 2023 data period. This price is down 10.98%, or a decrease of US$3,399.67 per ton, from the average price of the previous year.

Regarding the latest information on tin, the Government plans to increase the tin royalty rate, which is currently flat at 3%. The planned increase will be implemented progressively, and the figures are currently being discussed with business actors.

"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 Prices Rise to US$30,350 per Ton on Wednesday, January 25, 2023

Tin Prices Rise to US$30,350 per Ton on Wednesday, January 25, 2023

Tin Prices Rise to US$30,350 per Ton on Wednesday, January 25, 2023

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Tin Prices Rise to US$30,350 per Ton on Wednesday, January 25, 2023

Tin Prices Rise to US$30,350 per Ton on Wednesday, January 25, 2023

Tin Prices Rise to US$30,350 per Ton on Wednesday, January 25, 2023

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