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Tin is a silvery-white chemical element with a slight blue tint belonging to the carbon family. It is derived from the cassiterite ore through mining, refining, and concentration of the tin ore, which undergoes further processing to make tin.
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Its respective melting and boiling points are 231.97 °C (449.54 °F) and 2,270 °C (4,100 °F). By nature, it is malleable, ductile, and non-toxic.
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 the Tin price 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 Price analysis, including India Tin price, USA Tin price, pricing database, and chart 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.
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Industrial Uses Impacting Tin Price Trend:
Tin has major applications in coating, polishing and plating steel which primarily drives its market demand. In addition, it can be used to manufacture cans which are further used to make bearings, solder and food containers. It also offers great resistance to corrosion, great magnetic strength and lower melting points, which makes it ideal for soldering steel. It is also employed for making bronze and copper alloys which further its market demand. In the electronics industry, it is used for making Urion batteries which boosts its market growth further. Also, it has been employed in other industries, including the shipping sector, as an anti-fouling chemical that prevents barnacles on boats and ships, along with its use in a few dental products as a sort of stannous chloride (SnCl2).
Key Players:
- Umicore N.V
- American Elements
- Yunnan Tin Group Company Limited (YTC)
- PT Timah (Persero) Tbk
- Malaysia Smelting Corporation Berhad
- Minsur S.A
- Thailand Smelting and Refining Co., Ltd. (THAISARCO)
News & Recent Development:
- 27 February 2023- Prices of tin have dropped by 17% in the last month and will likely stay tense in the first half of 2023 because of a strong dollar and frail demand.
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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Reference Link - https://theprocurementexpert.com/tin-price-trend-forecast/
