Hong Kong Tin Bar Price Declines by 4%, Averaging $34.8/kg After Three Months of Decrease
In June 2023, the price of tin bars in Hong Kong dropped to an average of $34.8/kg, representing a 4% decrease compared to the previous month. The export price has been consistently experiencing a notable downtrend. The largest growth rate was observed in February 2023, with a 25% increase in the average export price. Although the export price reached its peak at $47,929 per ton in July 2022, it failed to regain momentum from August 2022 to June 2023. Notably, there were significant disparities in average prices among major foreign markets, with China having the highest price of $36,631 per ton and Sri Lanka having the lowest price of $6,383 per ton. Among the major destinations, Taiwan (Chinese) experienced a slight growth rate of -1.0% in prices from June 2022 to June 2023, while prices for other destinations declined. In terms of exports, approximately 45 tons of tin bars, rods, profiles, and wires were exported from Hong Kong in June 2023, indicating a significant decline of 30.1% ...