In the first half of 2023, Asian Tin Plate prices mirrored Tin feedstock trends, initially dropping due to oversupply and reduced demand linked to Chinese Lunar New Year. However, prices rebounded in Q2 as industries resumed operations. In Europe, Tin Plate prices reflected Tin metal trends, declining in Q1 due to weak downstream demand and remaining stable in Q2. Diverse metal options like steel and aluminum influenced demand, resulting in sluggish Tin Plate market sentiment overall 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 Price chart, 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 finds key industrial uses primarily in the packaging sector. It is extensively employed in manufacturing cans, containers, and various forms of food and beverage packaging due to its corrosion-resistant properties and attractive appearance. Additionally, it serves as a crucial material in the production of electronic components, including capacitors and printed circuit boards, where its conductivity and solderability play a vital role in ensuring optimal 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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