Tin futures were trading around the $25,000-per-tonne level, a level not seen since April 2021, amid fears that slowing economic growth and persistent coronavirus outbreaks in top consumer China will dampen demand. On top of that, earlier this year, record prices encouraged mines to invest in new supply projects. Malaysia Smelting, one of the world’s biggest tin producers, was one of the latest to announce that it will increase its production by 20% over the next couple of years. However, it is unlikely that tin prices would return to pre-pandemic levels amid rising demand from the electronics sector, where tin is used for circuit board manufacturing.
Historically, Tin reached an all time high of 49400 in March of 2022. Tin - data, forecasts, historical chart - was last updated on June of 2022.
Tin is expected to trade at 31979.19 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 34489.50 in 12 months time.