Tin futures bottomed around the $24,500-per-tonne mark, a level not seen since March 2021 and nearly 50% down from their record peak, as fears of a demand-sapping global recession, tighter monetary policy, and persistent coronavirus-induced lockdowns in China ripped through metals to spur a broad sell-off. Still, fundamentals in the tin complex continued to be supported by rising demand from the electronics sector. On top of that, global production stagnated over the past decade due to a lack of investment by large miners while, more recently, coronavirus outbreaks disrupted output, particularly in Indonesia and Malaysia.
Historically, Tin reached an all time high of 49400 in March of 2022. Tin - data, forecasts, historical chart - was last updated on August of 2022.
Tin is expected to trade at 23714.01 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 21623.11 in 12 months time.