Tin Prices

Tin prices averaged USD 32,012 per metric ton in October, up 1.5% from September. On 31 October, the commodity traded at USD 31,012 per metric ton, down 7.4% from 30 September.

In October, prices averaged slightly above September’s level, mainly due to the deployment of several Chinese stimulus policies in late September. That said, prices were on a downward trend throughout October, as a lack of concrete numbers regarding additional Chinese stimulus in October disappointed markets. In addition, the annual downturn in Indonesian exports softened further in August–September following a dismal start to the year.