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Tin is a silvery-white metal that is soft, malleable and has ductile properties. It is mainly derived from the mineral cassiterite, which contains about 80% tin. The tin market is segmented by product type, application, end-user industry, and geography. By product type, the market is segmented into metals, alloys and compounds. By application, the market is segmented into soldering, tin plating, chemical and other applications (special alloys, lead-acid batteries). Based on end-user industry, the market is segmented into automotive, electronics, packaging, glass and other end-user industries. The Asia-Pacific region is the largest market for tin. The tin market is strongly consolidated, with the top 10 manufacturers accounting for more than 60% of the global market. Some of the major players in the market (in no particular order) include Yunnan Tin Company Limited, PT TIMAH Tbk, Malaysia Smelting Corporation Berhad, Yunnan Chengfeng Nonferrous Metals Co. Ltd. and MINSUR.

Trading on a contract for difference (CFD) that mirrors the benchmark market for this commodity shows that tin has risen 6,861 USD/MT, or 27.00%, since the start of 2024. In the past, September 2022 saw Tin reach its all-time high of 200800.00. domestic demand for industrial goods was highlighted by the NBS manufacturing PMI, which indicated that factory activity in China shrank for the third consecutive month in July. Furthermore, the larger Caixin counterpart surprisingly shrank, indicating that firms may not have been able to secure overseas customers to make up for the decline in domestic sales. The stronger-than-expected drop in US factory activity as reported by the ISM PMI put more pressure on base metals and led to a widespread selloff in commodities tied to the industry. Still, top exporter Indonesia maintained worries of tight global supply as licensing delays sharply impacted first-quarter deliveries, magnified by worries of future licensing disruptions for the rest of the year.

The Asia-Pacific region is the largest market for tin. China is one of the largest tin producers and consumers in the world. The tin market size is estimated to be more than 387 kilotons in 2021 and this market is forecast to reach a CAGR of over 2.5% during the forecast period (2022-2027). The market is negatively affected by COVID-19 in 2020. Tin dealers have been experiencing one of the heaviest pressures on the metal market as COVID-19 fuels a surge in demand due to supply destruction. In the first half of 2021, demand for tin used in electronics exceeded supply, causing prices on the London Metal Exchange to increase by more than 90%. However, the market is expected to grow steadily during the forecast period (2022-2027).