Monthly Metal Review

Tin (March 2018)

In London, Tin settlement price decreased to US$ 21’125.00 per tonne closing this month with a backward-ation of US$ 70.00. China’s exports of tin metal accelerated last year to 2,180 tonnes, up from 735 tonnes in 2016. But the country remained a net importer to the tune of 1,800 tonnes. Imports and exports of “tin products”, mean-while, largely balanced themselves out, the official figures say. There were fewer March spot offers reported from Indonesia by tin-market participants owing to instal-lation of a new electrolytic furnace at RBT, Refined Bangka Tin, and a government freeze on new export permits as Jakarta reviews export regulations. The review could take two months. Indonesian exports have slowed, with just 2,720 tonnes traded on the Indonesia Commod-ity and Derivatives Exchange (ICDX) for exports so far compared with 7,015 tonnes in February and 5,245 tonnes in January. Indonesia’s state-owned tin producer Timah re-leased its 2017 results showing tin-in-concentrate produc-tion from mining operations rose by 29 percent to 31,178 tonnes, while refined tin production increased 27 percent on-year to 30,249 tonnes. A team at the Georgia Institute of Technology in the U.S., published advances in development of liquid tin as a heat transfer agent in concentrated solar power (CSP) plants. CSP uses large-scale arrays of reflectors to concentrate heat from sunlight onto a heat transfer sys-tem in, for example a tower, containing fluid circulated through a heat turbine to generate electricity. Tin can operate at higher temperatures than current systems based on molten salts or other fluids, increasing sunlight heat conversion efficiency to around 60 percent. Switch-ing to tin from molten salts could decrease CSP costs by 30 percent. With partners from other universities, the Georgia Tech team demonstrated suitable containment materials that don’t corrode and developed a ceramic pump to circulate the tin at up to 1,400°C. CSP costs are competitive with fossil fuels in sun-rich regions. LME Tin stocks increased from 1720.00 to 2060.00 tonnes in March.

Daily Prices

April 2018

Copper
Date(Fix.) ($/MT)
Average 6796.17
18-04-2018 6936
17-04-2018 6784
16-04-2018 6811.5
13-04-2018 6830
12-04-2018 6756
11-04-2018 6930.5
10-04-2018 6888
09-04-2018 6767
06-04-2018 6703
05-04-2018 6767
04-04-2018 6625
03-04-2018 6756
Silver
Date(Fix.) ($/OZ)
Average 16.52
18-04-2018 16.945
17-04-2018 16.625
16-04-2018 16.6
13-04-2018 16.505
12-04-2018 16.655
11-04-2018 16.565
10-04-2018 16.49
09-04-2018 16.34
06-04-2018 16.275
05-04-2018 16.305
04-04-2018 16.46
03-04-2018 16.52
PM MEAN AM Gold
Date(Fix.) ($/OZ)
Average 1338.55
18-04-2018 1346.55
17-04-2018 1342.95
16-04-2018 1344.4
13-04-2018 1340.75
12-04-2018 1345.9
11-04-2018 1345.2
10-04-2018 1335.95
09-04-2018 1328.5
06-04-2018 1325.6
05-04-2018 1327.05
04-04-2018 1343.15
03-04-2018 1336.6
Date(Fix.) ($/OZ)
Average 1339.24
18-04-2018 1349
17-04-2018 1342.525
16-04-2018 1346.875
13-04-2018 1342.225
12-04-2018 1343.625
11-04-2018 1347.975
10-04-2018 1337.45
09-04-2018 1330.225
06-04-2018 1328.4
05-04-2018 1327.375
04-04-2018 1340.225
03-04-2018 1335.025
Date(Fix.) ($/OZ)
Average 1339.94
18-04-2018 1351.45
17-04-2018 1342.1
16-04-2018 1349.35
13-04-2018 1343.7
12-04-2018 1341.35
11-04-2018 1350.75
10-04-2018 1338.95
09-04-2018 1331.95
06-04-2018 1331.2
05-04-2018 1327.7
04-04-2018 1337.3
03-04-2018 1333.45
Lead
Date(Fix.) ($/MT)
Average 2369.29
18-04-2018 2378
17-04-2018 2342
16-04-2018 2341.5
13-04-2018 2329
12-04-2018 2333
11-04-2018 2388
10-04-2018 2401
09-04-2018 2397
06-04-2018 2358.5
05-04-2018 2383.5
04-04-2018 2380
03-04-2018 2400
Zinc
Date(Fix.) ($/MT)
Average 3194.67
18-04-2018 3186.5
17-04-2018 3115
16-04-2018 3116
13-04-2018 3121
12-04-2018 3115
11-04-2018 3236.5
10-04-2018 3240
09-04-2018 3216.5
06-04-2018 3222
05-04-2018 3234
04-04-2018 3249
03-04-2018 3284.5
Tin
Date(Fix.) ($/MT)
Average 21230.42
18-04-2018 21725
17-04-2018 21725
16-04-2018 21075
13-04-2018 21190
12-04-2018 21000
11-04-2018 21175
10-04-2018 21375
09-04-2018 21100
06-04-2018 21050
05-04-2018 21075
04-04-2018 20860
03-04-2018 21415
Nickel
Date(Fix.) ($/MT)
Average 13785.42
18-04-2018 15105
17-04-2018 15105
16-04-2018 14150
13-04-2018 14005
12-04-2018 13585
11-04-2018 13740
10-04-2018 13700
09-04-2018 13240
06-04-2018 12890
05-04-2018 13285
04-04-2018 13060
03-04-2018 13560
Cobalt
Date(Fix.) ($/MT)
Average 91375.00
18-04-2018 91500
17-04-2018 91500
16-04-2018 91500
13-04-2018 92250
12-04-2018 91500
11-04-2018 91500
10-04-2018 91500
09-04-2018 91500
06-04-2018 91500
05-04-2018 91000
04-04-2018 88000
03-04-2018 93250