During the initial six months of 2023, the prices of Asian Tin Plate closely followed the patterns of Tin feedstock. They initially experienced a decline due to oversupply and decreased demand associated with the Chinese Lunar New Year. However, in the second quarter, prices saw a resurgence as various industries resumed their operations. In contrast, European Tin Plate prices mirrored the trends in Tin metal, decreasing in the first quarter due to lackluster downstream demand and remaining stable in the second quarter. The Tin Plate market sentiment during this period was overall sluggish, influenced by diverse metal options such as steel and aluminum, impacting demand.
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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 primarily utilized in the packaging industry, playing a key role in the production of cans, containers, and various types of food and beverage packaging. Its corrosion-resistant characteristics and appealing appearance make it a popular choice for these applications. Moreover, tin plate is essential in manufacturing electronic components like capacitors and printed circuit boards. Its conductivity and solderability are crucial factors that contribute to ensuring optimal performance in these electronic devices.
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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