In the first and second quarters of 2023, tin prices saw an uptick attributed to strong worldwide demand and constrained supply. Disrupted supply chains led to depleted inventories, bolstering this upward trajectory. Maintenance activities in Asia Pacific production facilities affected the supply chain, yet available inventories managed to meet the lowered demand. Worries emerged from fluctuations in the electronics market, a pivotal force in the tin industry. The sluggish rebound of semiconductors and electronics played a role in shaping tin's future demand, influencing its price surge.

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Definition

Tin is a chemical element with the symbol Sn and atomic number 50. It is a soft, silvery-white metal known for its malleability and low melting point. Tin exhibits good corrosion resistance, making it suitable for various applications. It forms alloys easily, such as bronze and pewter, which are utilized for decorative and industrial purposes. Tin's low toxicity makes it suitable for food packaging and utensils. Its primary oxide, tin oxide, is used as a transparent conductor in electronic devices like touchscreens.

Key Details About the Tin Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Tin in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Tin Prices, including India Tin price, USA Tin price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting the Tin Price Trend:

Tin is prized across industries for its versatile properties, playing a vital role in various applications. Its corrosion resistance and low melting point are pivotal in producing solder, crucial for joining electrical components. Tin's use in plating safeguards metals from corrosion, a feature highly valued in food packaging, cans, and diverse metal objects. Alloys like bronze and pewter, derived from tin, craft enduring and ornamental items. In the electronics realm, tin serves as a cornerstone for soldering circuit components. Moreover, it holds a crucial place in manufacturing glass, ceramics, and enamel coatings. With its non-toxic nature, tin is utilized in dental amalgams and cosmetics. Its adaptability across multiple sectors underscores tin's pivotal role in modern industrial processes.

Key Players:

  • Umicore N.V.
  • American Elements
  • Yunnan Tin Group Company Limited
  • Malaysia Smelting Corporation Berhad
  • Minsur S.A.
  • Thailand Smelting and Refining Co Ltd

News and recent development:

The U.S. Commerce Department announced that it will impose provisional anti-dumping taxes on imports of tin-plated steel from Canada, Germany, and China while exempting five other nations, providing some solace to the industry of food cans who had expected greater levies. The government announced that tin mill steel imported from China, including the nation's largest producer, Baoshan Iron and Steel, will be subject to the highest provisional anti-dumping charges of 122.5%.

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