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Tin is a chemical element with the atomic number 50 and has a white, silvery appearance. It belongs to the family of carbon elements and is a post-transition metal.
Mining is the method used to make tin. As the ore containing the tin also contains a lot of impurities and a mixture of other elements such as gravel, silica, carbon, salt, fuel, limestone, or coal, cassiterite (a tin oxide) is first extracted before it is refined. The tin ore is concentrated when refining is complete to produce the mineral, which then through other refinement procedures. The boiling point of tin is 2602 °C and its melting point is 231.93 °C.
Tin works as a catalyst to activate a chemical reaction in an oxygen-containing fluid. It is used to coat other metals to prevent further oxidation. The atomic weight of tin is 118.71 u and its atomic number is 50.
The leading tin-producing countries are Indonesia, Malaysia, Peru, Singapore, and Bolivia.
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 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 Tin Price Trend:
Tin is mostly used in industry as a polish to glaze metals for corrosion resistance. Pewter, soft solder, bronze, and phosphor bronze are a few more significant tin alloys. Superconducting magnets are produced using an alloy of niobium and tin.
While producing window glass, molten glass is floated over the molten tin to create a flat surface. It creates coatings that are electrically conductive. Additionally, it is also employed in aerospace, jewelry, and food packaging.
Tin chloride is employed as a mordant and a reducing agent. Other than that, it is also used to make gas sensors and ceramics, and as a fire retardant in polymers.
Key Market 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 and Events:
- December 07, 2022: According to the International Tin Association, an impending spike in demand will require an additional 50,000 tonnes of tin year by 2030.
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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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