During the initial half of 2023, Asian Tin Plate prices closely followed the patterns seen in Tin feedstock. They experienced an initial decrease owing to oversupply and decreased demand associated with the Chinese Lunar New Year. Nevertheless, prices bounced back in the second quarter as industries resumed their operations. In Europe, Tin Plate prices mirrored the trends in Tin metal, dropping in the first quarter due to weakened demand downstream and remaining steady in the second quarter. The presence of alternative metal choices such as steel and aluminum played a role in shaping demand, leading to an overall sluggish sentiment in the Tin Plate market during this period.
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Definition
Tin plate refers to thin sheets of steel that have been coated with a layer of tin through a process called electroplating. This coating provides the steel with enhanced corrosion resistance and a shiny appearance. Tin plates are commonly used in the packaging industry for producing cans, containers, and other forms of food and beverage packaging due to their protective and aesthetic properties.
Key Details About the Tin Plate 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 Plate 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 Plate Prices, including India Tin Plate price, USA Tin Plate 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 Plate Price Trend:
Tin plate is predominantly utilized in the packaging industry for its primary applications. It is widely employed in the production of cans, containers, and various types of food and beverage packaging due to its corrosion-resistant characteristics and appealing aesthetics. Furthermore, it holds significant importance as a vital material in the manufacturing of electronic components, such as capacitors and printed circuit boards, where its excellent conductivity and solderability are essential for achieving peak performance.
Key Players:
- The Tinplate Company of India Limited (TCIL)
- JSW Steel Coated Products Ltd.
- ArcelorMittal
- Titan Steel Corporation
- Sino East Steel Enterprise Co., Ltd.
- Nippon Steel Corporation
News & Recent Development:
Tin’s recent stability amid softened demand and improved supply offers respite from its historical volatility. Trading within a range since May, the market benefits from heightened global inventory due to stockpiling. However, this period of calm could be short-lived as market dynamics shift. Potential disruptions from key tin-producing countries, Myanmar and Indonesia, present supply uncertainties. Myanmar’s mining suspension and Indonesia’s intent to curtail exports highlight these concerns.
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