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Tin(II) Chloride Price Trend and Forecast
Tin(II) Chloride Price Trend and Forecast
Tin(II) Chloride Regional Price Overview
Get the latest insights on price movement and trend analysis of Tin(II) Chloride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Tin(II) Chloride Price Trend for the Q1 of 2024
Tin(II) chloride prices saw significant upward momentum in the first quarter of 2024, reflecting the broader trend in the tin market, which reached near two-year highs. This rise was driven by supply disruptions in key tin-producing regions such as Myanmar, Indonesia, and the Democratic Republic of Congo, which collectively accounted for a substantial portion of global tin production in 2023. Tin prices surged was further supported by production issues, geopolitical conflicts, and the anticipation of interest rate cuts which attracted cash inflows into the sector.
Tin(II) Chloride Price Chart
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In the first quarter, the three-month tin price on the London Metal Exchange soared, propelled by continued production challenges and delayed export permits in Indonesia, which resumed exports but with uncertain future volumes. Analysts highlighted the uncertainty surrounding the resumption of tin mining operations in Myanmar's Wa State within the next six months. Additionally, Indonesia's future export volumes might decline as the country prioritizes domestic downstream industries, adding further pressure on supply.
Despite the overall bullish sentiment, some analysts saw a slight pinch in the market as the prices in the adjacent quarter might be altered by persistent inflation and slower semiconductor sales growth. Additionally, Taiwan Semiconductor Manufacturing Co.'s reduced growth expectations for the chip sector added to these predictions. Although the demand and future offers remained on a higher note during the first quarter indicating potential exponential growth of tin and subsequent tin(II) chloride prices.
Analyst Insight
According to Procurement Resource, the price of Tin(II) Chloride is expected to experience an increase in the next quarter of the year due to macroeconomic factors, potentially reaching new highs. China's tin production was projected to reach significant levels, yet consumption was expected to outstrip production, indicating a tight market.
Procurement Resource provides latest prices of Tin(II) Chloride. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About Tin(II) Chloride
Tin(II) chloride, also known as stannous chloride, is a white crystalline solid with the chemical formula SnCl2. It is highly soluble in water, forming a clear, acidic solution. Tin(II) chloride is a powerful reducing agent and is used in various industrial processes, including electroplating, textile dyeing, and pharmaceutical manufacturing. It serves as a catalyst in organic synthesis and a sensitizing agent in the production of mirrors. Additionally, it is employed in the food industry as a color stabilizer for canned vegetables. Its versatile applications stem from its chemical reactivity and solubility properties.
Tin(II) Chloride Product Details
| Report Features | Details |
| Product Name | Tin(II) Chloride |
| Chemical Formula | SnCl2 |
| Industrial Uses | Electroplating, Textile Industry, Chemical Synthesis |
| Molecular Weight | 189.6 g/mol |
| CAS No. | 7772-99-8 |
| Supplier Database | Advance Scientific and Chemical, HBCChem, Inc, Apollo Scientific Ltd., ABCR GmbH & Co. KG, Nacalai Tesque Inc, Beijing Ouhe Technology Co. Ltd. |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Tin(II) Chloride Production Process
- Production Process of Tin(II) Chloride by Chlorination Method: The synthesis of tin(II) chloride via the chlorination method involves the reaction of hydrochloric acid in its gaseous form with metallic tin.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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