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     Tin
 


A white silvery metal, Tin is well known for its corrosion resistance against distilled and salt water and ordinary tap water. It is not a metal in abundance in the world. Tin is widely used in electronics, soldering, food packaging, engineering alloys, anti-corrosion coatings and several other industries.

Global Situation

Global tin consumption is expected to register a year-on-year growth of 10 percent to 367,000 ton in 2006 compared to 2005. Growth in the Asian electronics industry and replacement of lead-based solders are the key triggers for tin consumption in the world. As is the case with many other metals, China is the leading consumer of tin in the world. In 2007, the demand for tin is expected to rise by 384,000 ton. China, Indonesia, Peru and Brazil are the leading producers of tin in the world.

Indian Situation

India produces very little quantity of tin—some 10 tons—per year. The country imports around 4,000 tons of tin yearly. Tin plating has also a very good potential to develop in the country. Tin is mainly used in packaging both food and non-food sectors in the country.

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     Market Pulse  
  NCDEX@12.45pm,2135.77,down10.02
  National Commodity and Derivative Exchange futures (NCDEX) index still reeling and recorded 2135.77,down10.02 at 12.45 pm on Saturday.
  MCX@12.30am, 3296.76, up 2.08
  Multi Commodity Exchange future index continued upward trend and recorded 3296.76, up by 2.08 at 12.30 pm on Saturday.
  NCDEX @ 11.15am, 2140.22, down 5.77
  National Commodity and Derivative Exchange futures (NCDEX) index opened lower Saturday and recorded 2140.22, down by 5.77 at 11.15 am.
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    Technical Calls  
  Pivot Levels NCDEX 5th July, 2008
 
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    FOREX Reports  
  India\'s foreign reserves fall to $311.79 bn
  India\'s Forex reserves fell to $311.79 billion, down by $691 million for the week ended June 27 as against $ 312.481 billion in the last week, RBI said in its weekly report.
  Rupee draws support from equity market
  Forex dealers said the rupee drew support from a firm trend in local equity market but was still under pressure due to fresh surge in crude oil prices.
  Rupee begins well in early trade
  Indian rupee opened trading in a positive note Friday as investors covered their short positions but with oil holding above $145 a barrel and shaky stock markets raising prospects for more capital outflows, gains may be limited.
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