What Is The Current Demand For Tin Ingots In The Chemical Industry?

The chemical industry's demand for tin will increase.

From 2020 to 2023, my country's annual tin chemical industry consumption will remain at approximately 40,000 tons.

Starting in 2024, with increasing demand from the organotin chemical sector and the photovoltaic industry, annual tin ingot consumption will increase to approximately 45,000 tons.

If further progress is made in the 2025 China-US trade negotiations, it is expected to have a positive impact on the market.

Taken together with the rise of the digital economy and AI, we estimate that the annual demand for tin ingots in the domestic tin chemical industry will increase by 5% in 2025, reaching approximately 50,000 tons, accounting for over 13% of the country's total tin ingot consumption.