Investment more than consumption leading India's economic growth
China, India receive record Russian crude oil in May, data show
Foxconn to make iPhones in India's Karnataka by next April
India's May factory activity grows at fastest pace since Oct 2020
Goldman Sachs to cut more jobs, eyes sharp fall in markets revenue
Uncertainty over passage of the bipartisan US debt ceiling deal
US banks tighten lending standards to small business and consumers
The metal tin is one of the basic elements in chemistry and is the 49th most abundant element in the crust of the Earth. It is a malleable poor metal with a silver-like look and is not easily oxidized in air. It is a slivery metal listed as Group 13 of the periodic table. Tin is used a lot to coat other metals to decrease corrosion.
The symbol for tin is “Sn” and is quoted both in USD and INR. The largest deposits of tin are currently found in China, Malaysia, Peru and Indonesia.
The price of tin is influenced by a number of factors. Approximately 50% of tin worldwide is used in solder. The increasing environmental awareness is causing a resentment for the use of lead in solder and have resulted in a ban of this metal. Similar difficulties may arise for tin as it also has some negative qualities concerning the environment. The legal restrictions can therefore have a far-reaching effect on the demand for tin.
Eforex India quotes prices of TIN as per the London Metal Exchange (LME) against the USD and can be used for benchmarking and hedging purposes. We also give API of the prices of all Metals which can be integrated to your software for pricing and valuation. Exporters, importers and traders needs to manage their hedging by proper Risk management techniques and value it Marked to Market (MTM) on a daily basis to manage their portfolio.
2023 © Eforexindia.com Private Limited.