Tin, as a rare metal, has a low crustal content and limited available resources. In 1991, China decided to list tungsten, tin, antimony and ionic rare earth minerals as specific minerals for the state to implement protective mining, which greatly reduced the approval of relevant mining rightsIn 2018, the United States included tin in the list of 35 critical minerals, implementing a policy of only exploration and not mining, further highlighting the value of resources. The use of tin is mainly concentrated in tin alloys, tin chemicals, tin materials, and lead-acid batteries, among which tin solder in tin alloys, tinplate (tinplate) in tin materials, and tin chemical products account for a relatively high proportion.
Tin is a low melting point metal with silvery-white metallic luster, pure tin is soft, good expandability at room temperature, stable chemical properties, not easy to be oxidized, and often maintains the glittering luster of silver, almost all of which exist in the form of cassiterite (tin oxide SNO2), and the content in the earth's crust is 0004%。Melting Point: 23189, which is much lower than other traditional metals, and has stable chemical properties, so it is mostly used as a solder in the manufacture of electronic products.
Tin industry chain
The upstream of the tin industry chain includes exploration, mining, beneficiation and smelting. The midstream is the deep processing of tin, and the products are tin products such as solder, tin-plated plates, alloys, and chemical products, while the downstream covers terminal applications such as electronics, photovoltaics, electrical appliances, chemicals, building materials, food packaging, automobiles and electric vehicles, atomic energy, and aerospace and shipbuilding industries.
According to the calculation of ITA ** data in 2022, about 40% of the downstream of tin is concentrated in the electronic field, as a conductive solder to support the operation of tens of millions of electronic products.
Tin is priced by the industrial chain, and the impact of supply-side constraints on tin prices is gradually increasing. Looking back at the tin price trend over the past two decades, we note that the rise and fall of tin prices are closely related to the ups and downs of the semiconductor cycle, which shows that the pricing of tin varieties has been dominated by demand in the past. In the past decade, the vigorous development of electronic products has driven the growth of tin demand, while the constraints on the supply side have gradually emerged, and the weight of the impact of supply shocks on tin prices has gradually increased. In the 23-to-date trend, there has been a significant divergence between the semiconductor cycle and the tin price trend, which we believe is mainly due to the expectation of a short-term Wa mine ban and the supply shock caused by the lack of new projects in the next 2-3 years. Looking ahead, we expect tin demand to continue to grow steadily, while rigid supply is expected to further promote tin price elasticity and support the upward movement of tin price pivots.
Development status
In terms of global and Chinese refined tin supply and demand, according to the ITA, the annual consumption of global refined tin in 2020 was 3630,000 tons, the annual global consumption of refined tin in 2021 will be 390,000 tons, and the annual global consumption of refined tin in 2022 will be 3830,000 tons. In terms of output, refined tin production has continued to increase since 2020, and the global refined tin production will increase by 37 in 2022970,000 tons. China is a major producer of refined tin, accounting for more than half of the world's total output in 2022, and China's refined tin output ranks first in the world. Judging from the demand trend of refined tin in China, as of 2022, the demand for refined tin in China will reach 21About 530,000 tons.
Competitive landscape in the market
Tin Co., Ltd. has a whole industrial chain of tin metal exploration, mining, mineral processing, smelting and deep processing, and is the world's largest refined tin production enterprise, in terms of business status, the production and sales volume of refined tin (tin ingots and tin materials) in 2022 are 7760,000 tons and 7About 20,000 tons, the revenue scale of refined tin reached 156400 million yuan, an increase of 6 compared with 20219%, the average sales price increased from 18 in 202180,000 tons increased to 21 in 202270,000 tons, an increase of 154%, in terms of the future situation to be mined, the ore reserves as of 2022 are 26.5 billion tons, with 66 tons of tin metal reserves70,000 tons, which is expected to maintain its leading position in the short term.
Tin ore is distributed in a belt, and the Pacific region is the main deposit area, mainly distributed in the two major tin ore belts in Southeast Asia and East Asia. The reserves of the Southeast Asia Tannous Belt account for 60% of the world's total reserves. According to USGS data, the global tin resource reserves in 2022 will be 4.6 million tons, of which Indonesia will have the largest reserves of 800,000 tons, accounting for 174%;China (720,000 tons), Australia (570,000 tons), Russia (430,000 tons) and other countries have the highest proportion of reserves. In the long run, with the rising demand for global tin ore resources and the lack of newly discovered tin ore resources, the guarantee capacity of global tin ore resources is not optimistic.
The output of tin ore is stable and the production is highly concentrated, but the reserve-production ratio is not optimistic. The amount of tin in the earth's crust is very low at only 0004%, Limited by resource reserves, tin ore production has basically remained at the level of about 300,000 tons in recent years, and production is mainly concentrated in China, Indonesia, Peru, and Myanmar: in 2022, the global tin ore output will be 310,000 tons, of which China, Indonesia, and Peru will account for % respectively.
The recovery of electronic demand and the continued prosperity of the photovoltaic boom are expected to continue to bring about an increase in tin demand: the semiconductor cycle has bottomed out, and the AI tide has accelerated, driving the demand for "computing power metals". At present, the forward-looking indicators of the semiconductor cycle, such as storage**, integrated circuit shipments, and the Philadelphia semiconductor index, are gradually showing signs of the cycle bottoming out, and the rapid development of artificial intelligence puts forward higher requirements for data and computing power, and we expect that the demand for tin as a carrier of computing power is expected to increase systematically. The new installed capacity of photovoltaic maintained a high growth, driving the demand for photovoltaic welding strip tin. In 2023-2025, photovoltaic ribbon will become the fastest growing area of tin downstream demand. According to the CPIA, the demand for tin in PV ribbons will reach a CAGR of 7 in 2023-20259%。Global tin demand is expected to grow from 3860,000 tonnes to 42 by 202510,000 tons, CAGR in 2022-2025 is about 295%。
Analysis of the development trend of the tin industry
China's tin reserves are relatively small, especially the scarcity of high-quality tin resources, which makes it difficult for the supply of mineral tin to meet the market demand. At the same time, with the improvement of environmental protection requirements and the rise of labor costs, the production cost of tin continues to rise, which limits the expansion of the supply scale of refined tin. The strengthening of protectionist policies has also had a certain impact on China's refined tin exports, further limiting the expansion of refined tin supply. Finally, with the intensification of market competition, the concentration of the refined tin industry has gradually increased, and small enterprises have gradually withdrawn from the market, reducing the increase in the supply of refined tin.
With the rapid development of the new material industry, China's refined tin industry is integrating with the new material industry. Fine tin enterprises began to produce high-performance, high-value-added new material products, such as tin-based alloys, tin compounds, etc., to meet the growing market demand. This integrated development will help improve the added value and market competitiveness of the refined tin industry, and promote the upgrading and development of China's refined tin industry.
Chapter 1 Overview of the Tin Industry
Section 1 Definition of Tin Industry.
1. Industry definition.
2. Industry classification.
3. Industry characteristics.
Fourth, the relationship between industry and economy.
Section 2 Analysis of economic indicators of China's tin industry under the 14th Five-Year Plan.
1. Profitability analysis of the tin industry.
2. Analysis of the growth rate of the tin industry.
3. Industry cycle analysis of the tin industry.
Fourth, the analysis of industry barriers in the tin industry.
5. Analysis of the maturity and transformation of the tin industry.
Section 3 Analysis of the industrial chain of tin industry.
1. Analysis of industrial chain structure.
Second, the value-added space of the main links.
Third, the relevance of upstream and downstream industries.
Fourth, the analysis of the tin industry chain related industries.
Chapter 2 Overview of the 14th Five-Year Plan for the Tin Industry
Section 1 Review of the development of the tin industry during the 13th Five-Year Plan.
First, the "13th Five-Year Plan" tin industry situation.
Second, the "13th Five-Year Plan" tin industry development characteristics.
Third, the "13th Five-Year Plan" tin industry development achievements.
Section 2 Sihan: Conclusions of the Comprehensive Study of the 14th Five-Year Plan.
1. The importance of medium- and long-term planning, especially the 14th Five-Year Plan.
2. The 14th Five-Year Plan is a milestone.
3. Opportunities and challenges of the 14th Five-Year Plan.
Fourth, the key points and difficulties of the 14th Five-Year Plan.
Chapter 3 Analysis of the Global Development of the Tin Industry
Section 1 Analysis of the overall situation of the global tin market.
First, the development characteristics of the global tin industry.
2. Global tin market structure from 2021 to 2023.
3. Analysis of the development of the global tin industry from 2021 to 2023.
4. The competitive landscape of the global tin industry from 2021 to 2023.
5. Regional distribution of the global tin market from 2021 to 2023.
Section 2 Analysis of the market structure and prospects of major regions in the world.
1. Europe.
1. Overview of the development of tin industry in Europe.
Tin market structure in Europe in 2023.
3. The development prospects of the tin industry in Europe during the "14th Five-Year Plan" period.
2. The Americas.
1. Overview of the development of tin industry in the Americas.
Structure of the tin market in the Americas region in 2023.
3. The development prospects of the tin industry in the Americas during the "14th Five-Year Plan" period.
3. Asia.
1. Overview of the development of tin industry in Asia.
Tin market structure in Asia in 2023.
3. The development prospects of the tin industry in Asia during the 14th Five-Year Plan period.
4. Other countries and regions.
Chapter 4 The overall development of the tin industry in the past five years
Section 1 Characteristics and importance of tin industry.
First, the characteristics of the tin industry.
Second, the value of the tin industry research.
Section 2 Analysis of the development of the tin industry during the 14th Five-Year Plan.
1. Analysis of the development trend of the tin industry during the 14th Five-Year Plan.
2. Analysis of the development characteristics of the tin industry during the 14th Five-Year Plan.
Section 3 Analysis of the scale of the tin industry during the 14th Five-Year Plan.
1. Analysis of the scale of industry enterprises.
2. Analysis of the scale of industry personnel.
3. Analysis of the scale of industry output value.
Fourth, the analysis of the market size of the industry.
Section 4 Analysis of the financial capacity of the tin industry during the 14th Five-Year Plan.
1. Industry profitability analysis and **.
Second, the industry solvency analysis and **.
3. Analysis of industry operation capacity and **.
Fourth, the analysis of industry development ability and **.
Chapter 5 Analysis of the operation of China's tin industry during the "14th Five-Year Plan" period
Section 1 Analysis of the development status of China's tin industry.
First, the development stage of China's tin industry.
Second, the overall development of China's tin industry.
3. Analysis of the development characteristics of China's tin industry.
4. Analysis of the business model of China's tin industry.
Section 2 Development status of tin industry from 2021 to 2023.
1. Analysis of the development of China's tin industry from 2021 to 2023.
2. Development prospects of China's tin industry from 2021 to 2023.
3. Prospects for the development of the tin industry in 2023 under the influence of the epidemic.
Section 3 Analysis of tin market operation in 2021-2023.
1. Analysis of the market status and scale of the tin industry.
2. Analysis of the development prospect of the downstream market of the tin industry.
3. Regional market distribution of China's tin industry during the 14th Five-Year Plan.
Fourth, the market size of China's tin industry from 2023 to 2028**.
Section 4 Analysis of the trend of China's tin market.
1. Composition of the pricing mechanism of the tin market.
Second, the most influential factors of the tin market.
3. 2021-2023 tin ** trend analysis.
Fourth, the "14th Five-Year Plan" period of tin **trend**.
Chapter 6 Analysis of the supply and demand situation of China's tin market during the 14th Five-Year Plan period
Section 1 Analysis of supply and demand in China's tin market.
1. The supply of China's tin industry from 2021 to 2023.
1. Supply analysis of China's tin industry.
2. Supply and share of key enterprises.
2. The demand of China's tin industry from 2021 to 2023.
1. The demand market of the tin industry.
2. Customer structure of tin industry.
3. Regional differences in tin industry demand.
3. Analysis of the balance of supply and demand in China's tin industry from 2021 to 2023.
Section 2 Tin Products (Services) Market Application and Demand**.
1. Analysis of the overall demand for tin products (services) application market.
1. Market demand characteristics of tin products (services) application.
2. The total market demand for tin products (services).
2. During the "14th Five-Year Plan" period, the demand for tin industry is **.
1. During the "14th Five-Year Plan" period, the tin industry needs product (service) functions**.
2. Analysis of demand for tin products (services) in key areas during the "14th Five-Year Plan" period**.
Chapter 7 Analysis of the Competitiveness of the Tin Industry
Section 1 Analysis of the competitiveness of the tin industry.
1. Analysis of industry status.
Second, the overall competitiveness of the industry evaluation.
3. Analysis of industry competitiveness evaluation results.
Fourth, competitive advantage evaluation and construction suggestions.
Section 2 Analysis of the Competitiveness of China's Tin Industry.
1. Analysis of the competitiveness of China's tin industry.
Second, the advantages of market competition in China's tin enterprises.
3. Comparative analysis of private enterprises and foreign enterprises.
Fourth, the way to improve the competitiveness of domestic tin enterprises.
Section 3 SWOT analysis of tin industry.
1. Analysis of the advantages of the tin industry.
2. Analysis of the disadvantages of the tin industry.
3. Opportunity analysis of the tin industry.
Fourth, the tin industry threat analysis.
Chapter 8 Analysis of market competition strategy in the tin industry during the 14th Five-Year Plan period
Section 1 Analysis of the overall market competition in the industry.
1. Analysis of the competitive structure of the tin industry.
1. Competition between existing enterprises.
2. Analysis of potential entrants.
3. Threat analysis of substitutes.
4. Bargaining power.
5. Customer bargaining power.
6. Summary of the characteristics of the competitive structure.
2. Analysis of the competition pattern between enterprises in the tin industry.
1. The competition pattern of enterprises in different regions.
2. The competition pattern of enterprises of different sizes.
3. The competition pattern of enterprises with different ownership systems.
3. Analysis of the concentration of tin industry.
1. Market concentration analysis.
2. Regional concentration analysis.
3. Concentration of various sub-industries.
4. The trend of concentration change.
Section 2 Overview of the Competition Pattern of China's Tin Industry.
First, the competition situation of the tin industry.
1. Brand competition pattern in China's tin industry.
2. The future competition pattern and characteristics of the tin industry.
3. Tin market entry and competitor analysis.
2. Analysis of the competitiveness of major enterprises in the tin industry.
1. Comparative analysis of the total assets of key enterprises.
2. Comparative analysis of employees in key enterprises.
3. Comparative analysis of the operating income of key enterprises.
4. Comparative analysis of the total profits of key enterprises.
5. Comparative analysis of the comprehensive competitiveness of key enterprises.
Section 3 Analysis of the competitive landscape of the tin industry from 2021 to 2023.
1. Analysis of tin competition at home and abroad from 2021 to 2023.
2. Analysis of China's tin market competition from 2021 to 2023.
3. Trends of major domestic tin enterprises from 2021 to 2023.
Section 4 Analysis of the Competitive Strategy of Tin Enterprises in the 14th Five-Year Plan.
1. Countermeasures to improve the core competitiveness of tin enterprises.
2. Factors affecting the core competitiveness of tin enterprises and ways to improve.
3. Strategies to improve the competitiveness of tin enterprises.
Chapter 9 Analysis of the development situation of key enterprises in the tin industry during the 14th Five-Year Plan
Section 1 Enterprise 1.
First, the company profile.
Second, the advantages and disadvantages of the enterprise analysis.
3. Analysis of business conditions.
Fourth, the main business data indicators of the enterprise.
5. "14th Five-Year Plan" enterprise strategic planning and goals.
Section 2 Enterprise 2.
First, the company profile.
Second, the advantages and disadvantages of the enterprise analysis.
3. Analysis of business conditions.
Fourth, the main business data indicators of the enterprise.
5. "14th Five-Year Plan" enterprise strategic planning and goals.
Section 3 Enterprise 3.
First, the company profile.
Second, the advantages and disadvantages of the enterprise analysis.
3. Analysis of business conditions.
Fourth, the main business data indicators of the enterprise.
5. "14th Five-Year Plan" enterprise strategic planning and goals.
Section 4 Enterprise 4.
First, the company profile.
Second, the advantages and disadvantages of the enterprise analysis.
3. Analysis of business conditions.
Fourth, the main business data indicators of the enterprise.
5. "14th Five-Year Plan" enterprise strategic planning and goals.
Section 5 Enterprise V.
First, the company profile.
Second, the advantages and disadvantages of the enterprise analysis.
3. Analysis of business conditions.
Fourth, the main business data indicators of the enterprise.
5. "14th Five-Year Plan" enterprise strategic planning and goals.
Section 6 Enterprise 6.
First, the company profile.
Second, the advantages and disadvantages of the enterprise analysis.
3. Analysis of business conditions.
Fourth, the main business data indicators of the enterprise.
5. "14th Five-Year Plan" enterprise strategic planning and goals.
Section 7 Enterprise 7.
First, the company profile.
Second, the advantages and disadvantages of the enterprise analysis.
3. Analysis of business conditions.
Fourth, the main business data indicators of the enterprise.
5. "14th Five-Year Plan" enterprise strategic planning and goals.
Section 8 Enterprise VIII.
First, the company profile.
Second, the advantages and disadvantages of the enterprise analysis.
3. Analysis of business conditions.
Fourth, the main business data indicators of the enterprise.
5. "14th Five-Year Plan" enterprise strategic planning and goals.
Section 9 Enterprise IX.
First, the company profile.
Second, the advantages and disadvantages of the enterprise analysis.
3. Analysis of business conditions.
Fourth, the main business data indicators of the enterprise.
5. "14th Five-Year Plan" enterprise strategic planning and goals.
Section 10 Enterprise 10.
First, the company profile.
Second, the advantages and disadvantages of the enterprise analysis.
3. Analysis of business conditions.
Fourth, the main business data indicators of the enterprise.
5. "14th Five-Year Plan" enterprise strategic planning and goals.
Chapter 10 Investment Prospects for the Tin Industry during the 14th Five-Year Plan Period
Section 1 Analysis of investment opportunities in the tin industry during the 14th Five-Year Plan.
1. Analysis of the investment environment of the tin industry during the 14th Five-Year Plan.
2. Investment opportunities in the tin industry during the "14th Five-Year Plan" period.
Section 2 Analysis of the development of the tin industry during the 14th Five-Year Plan period.
1. Analysis of the development of the tin industry during the 14th Five-Year Plan.
Second, the "14th Five-Year Plan" tin industry technology development direction.
Third, the overall industry "14th Five-Year Plan" overall planning and **.
Section 3 Future Market Development Trends.
1. Analysis of the trend of industrial concentration.
Second, the "14th Five-Year Plan" industry development trend.
Section 4 Industrial Structure Development in the 14th Five-Year Plan**.
1. Analysis of guiding policies for industrial structure adjustment.
Second, the guiding factors of consumer demand in the adjustment of industrial structure.
3. The strategic market positioning of China's tin industry to participate in international competition.
Fourth, the "14th Five-Year Plan" industrial structure adjustment direction analysis.
Chapter 11 Tin Industry Development Trend and Investment Risk Analysis during the 14th Five-Year Plan Period
Section 1 Favorable factors for the existence of tin during the 14th Five-Year Plan.
First, the internal factors of the industry.
Second, the external factors of the industry.
Section 2 Unfavorable factors for tin in the 14th Five-Year Plan.
First, the internal factors of the industry.
Second, the external factors of the industry.
Section 3 Analysis of the development of the 14th Five-Year Plan.
1. Analysis of the development direction of the tin industry during the "14th Five-Year Plan" period.
Second, the development scale of the tin industry during the "14th Five-Year Plan" period.
3. The development trend of the tin industry during the "14th Five-Year Plan" period.
Section 4 Investment risk analysis of tin industry during the 14th Five-Year Plan period.
1. Competition risk analysis.
2. Market risk analysis.
3. Management risk analysis.
Fourth, investment risk analysis.
Part 5 Guidance on Investment Planning
Chapter 12 The dilemma and countermeasures faced by the tin industry during the 14th Five-Year Plan period
Section 1 The difficulties faced by the tin industry in the past two years (2020-2021).
First, the main dilemma faced by the tin industry in the past two years.
2. Analysis of the short-term predicament of the industry under the influence of the epidemic.
3. The situation and difficulties faced by the tin industry after the epidemic.
Section 2 Difficulties and countermeasures faced by tin enterprises.
1. The dilemma and countermeasures faced by key tin enterprises.
1. The dilemma faced by key tin enterprises.
2. Countermeasures for key tin enterprises.
2. Analysis of the development dilemma and strategy of small and medium-sized tin enterprises.
1. The dilemma faced by small and medium-sized tin enterprises.
2. Countermeasures for small and medium-sized tin enterprises.
3. Analysis of the way out of domestic tin enterprises.
Section 3 Problems and countermeasures in China's tin industry.
1. Problems in China's tin industry.
2. Suggested countermeasures for the development of the tin industry.
1. Grasp the opportunity of national investment.
2. The implementation of competitive strategic alliances.
3. The company's own coping strategy.
Third, the implementation of the market's key customer strategy.
1. The necessity of implementing the strategy of key customers.
2. Reasonably establish key customers.
3. Strategic management of key customers.
4. Key customer management function.
Section 4 Challenges and countermeasures for the development of China's tin market.
Chapter 13 Research on the investment strategy of the tin industry during the 14th Five-Year Plan period
Section 1 "14th Five-Year Plan" tin industry development strategy research.
1. Industrial strategic planning.
2. Regional strategic planning.
3. Marketing brand strategy.
Fourth, competitive strategic planning.
Section 2 Interpretation of the direction of the 14th Five-Year Plan and the relevant content of tin.
1. Interpretation of the outline of the 14th Five-Year Plan and the long-term goals through 2035.
2. "14th Five-Year Plan" national and local tin-related planning trends.
3. The policy direction and important deployment of the 14th Five-Year Plan.
Fourth, the "14th Five-Year Plan" tin related content important interpretation.
Section 3 Analysis of the "14th Five-Year Plan" tin business strategy.
First, the tin market segmentation strategy.
Second, the tin market innovation strategy.
3. Brand positioning and category planning.
Fourth, the differentiation strategy of new tin products.
Section 4 "14th Five-Year Plan" tin industry investment strategy research.
1. Investment strategy of tin industry in the post-epidemic era.
1. Research on the comprehensive investment strategy of the 14th Five-Year Plan.
2. Strategic planning for investment in the tin industry in the post-epidemic era.
2. Investment strategy of tin industry during the "14th Five-Year Plan" period.
3. During the "14th Five-Year Plan" period, the strategic choice of enterprise investment.
Chapter 14 Conclusions and Investment Recommendations of the 14th Five-Year Plan
Section 1 Research Conclusions and Suggestions of Tin Industry.
Section 2 Research conclusions and suggestions of tin industry.
Section 3 Sihan's investment suggestions for the tin industry during the 14th Five-Year Plan.
1. Suggestions on industry development strategies.
2. Suggestions on the direction of industry investment.
3. Suggestions on industry investment methods.
Table of Contents of Charts
Chart: Tin industry life cycle.
Chart: The industrial chain structure of the tin industry.
Chart: Global tin industry market size 2021-2023.
Chart: Market size of China's tin industry from 2021 to 2023.
Chart: Tin industry sales revenue 2021-2023.
Chart: Total profit of the tin industry from 2020 to 2022.
Chart: Total assets of the tin industry from 2020 to 2022.
Chart: Total liabilities of the tin industry from 2020 to 2022.
Chart: Analysis of the competitiveness of the tin industry in 2021-2023.
Chart: 2021-2023 tin market trend.
Chart: Production and sales rate of tin industry products from 2021 to 2023.
Chart: 2021-2023 tin industry main business income.
Chart: 2021-2023 tin industry main business costs.
Chart: 2021-2023 tin industry sales expense analysis.
Chart: Analysis of administrative expenses in the tin industry from 2021 to 2023.
Chart: Analysis of financial expenses in the tin industry from 2021 to 2023.
Chart: China's GDP trend during the 14th Five-Year Plan period.
Chart: The growth rate of output value of China's tin industry during the 14th Five-Year Plan period**.
Chart: The market size growth rate of China's tin industry during the 14th Five-Year Plan period**.
Chart: Demand levels of China's tin industry during the 14th Five-Year Plan period**.
Chart: China's tin industry development goals during the 14th Five-Year Plan period.
Chart: The scale of investment in China's tin industry during the 14th Five-Year Plan period**.
Chart: 2021-2023 tin industry sales margin analysis.