Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Figure 1 below shows the price of Tin over the past five years. It can be seen from Figure 1 that the price of tin has fluctuate - Essay Example

Comments (0) Cite this document
Macro and Micro Economics Introduction The tin market has been severely affected in the financial crisis of 2008. Such was the impact that the market in the first and the second half of the 2008 were completely two different pictures (Asian Metal Ltd., 2008)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.8% of users find it useful
Figure 1 below shows the price of Tin over the past five years. It can be seen from Figure 1 that the price of tin has fluctuate
Read TextPreview

Extract of sample "Figure 1 below shows the price of Tin over the past five years. It can be seen from Figure 1 that the price of tin has fluctuate"

Download file to see previous pages The pricing of tin in three different periods of 2008-2009, 2009-2011 and 2011-2013 will be studied. The correlation between the housing and construction industry with the tin industry will be analyzed to reach the conclusion. The supply curve concept and its implication on the tin industry will be discussed in the essay. Tin Prices: 2008-2013 The following graph shows the prices of tin in the time period under study. Figure 1: Tin prices from 2008-2013 (Source: London Metal Exchange, 2013) 2008-2009: The chief reason for the fall in the price of tin in 2008 began with excess supply. The year began on a cheerful note when, in April 2008, prices of tin touched the highest mark of US $2600 per ton (Asian Metal Ltd, 2008). The movement in the price of the currency also determines the pricing of commodities. An appreciation in the price of dollars stimulates a fall in the price of dollar denominated commodities. This was particularly true in case of agricultural products and prices of base metals (Losoncz, 2008). The prices had been low mainly due to the subprime lending crisis in America and heightened during the period of September 2008. As tin is one of the most important requirements in housing and construction industry, so a fall in the demand for houses in that period had led to a decrease in the demand for tin, which resulted in excess supply in relation to demand, thereby lowering the prices. This can be explained with the help of a supply curve. Figure 2: Supply Curve (Source: Gillespie, 2001) The graph above is that of a supply curve which shows that whenever there is an excess supply, the prices of the commodities tend to fall (Gillespie, 2001). The arrows imply that the prices tend to fall when supply exceeds demand. The subprime lending crisis left the economy with vacant houses and no one to buy it. The banks stopped giving loans for housing constructions (Bianco, 2008). All these lowered the consumer demand for tin, a basic metal in construction and therefore, the prices fell. 2009-2011: The price of tin began to recover with the onset of 2009. The rebound in prices could be attributed to the weakening of dollar against other currencies (Lenzer, 2009). Deprecation in the price of dollars triggers the price of commodities in dollars and this caused the tin prices to rise. Another factor which leads to the rise in tin prices was the rising imports of tin from China. The growing demand of tin from overseas market was also responsible for the rise in the price of tin. Even the improving economical and financial outlook contributed to this rise in the prices. In the aftermath of the global financial crisis, the demand for tin already crashed in 2009 as per the records of World Bureau of Metal Statistics (Burns, 2012). The rise in price of tin during this period was somewhat paradoxical considering the other pressing issues at hand then. The industrial demand for raw material had fallen to a great extent in the advanced European countries. The consumption of tin in America alone rose from 4% to 6% when other industries felt the heat of the financial crisis. This happened mainly because of the rising production of tin to meet the rising production demands of steel cans (U.S. International Trade Commission, 2001). The reaction from the supply side followed quickly after the global crash in demand. This was evident from the fall in the production of tin from the miners and smelters. On the global level, the cuts in supply could partially ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Figure 1 below shows the price of Tin over the past five years. It can Essay”, n.d.)
Figure 1 below shows the price of Tin over the past five years. It can Essay. Retrieved from
(Figure 1 below Shows the Price of Tin over the past Five Years. It Can Essay)
Figure 1 below Shows the Price of Tin over the past Five Years. It Can Essay.
“Figure 1 below Shows the Price of Tin over the past Five Years. It Can Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Figure 1 below shows the price of Tin over the past five years. It can be seen from Figure 1 that the price of tin has fluctuate

Tin Melting Experiment

... ……………………………………………………... page 8-10 Discussion………………………………………………….. page 11 Conclusion…………………………………………………. page 12 Introduction Different elements exhibit different behaviors with respect to freezing and melting processes. There are elements that have a well defined freezing and melting point, while there are others that do not have a specific melting and freezing point. This experiment was conducted to determine the melting point of pure Tin from the Tin cooling curve. Experimental procedure A. Equipment used 1. Furnace. 2. Omege temperature meter. 3. Glass fiber for insulation. 4. Thermocouple sheath. 5. Plastic gloves. 6. Coffee can containing sand. 7. Ceramic crucible. B. Procedure 1. A ceramic crucible that contained Tin was heated...
2 Pages(500 words)Lab Report

The Tin Drum

This shows Alfred a Nazi character, but it also shows that he is weak, under the influence of his wife, and not an absolutely fanatical Nazi. Hitler and Beethoven represent the cultural tensions in the family which in turn result in the young Oskar’s somewhat confused understanding of the power struggles that are going on. Oskar describes Alfred’s fondness for the visual image that the Nazi uniform presents, but the description also shows how uncomfortable it was to wear, since the strap of the cap “scraped his chin” (p. 116) and he had to get wet in the rain because he refused to use an umbrella. (p. 116) Alfred goes out to Sunday demonstrations but apart from that, there is very little change in his activities, since he still c...
3 Pages(750 words)Term Paper

Historical Figure

... midst. Whereas the understanding of the different ways in which the healthcare practitioner should be mindful of the unique and peculiar needs that different ages, education levels, classes, races, and ethnicities might require has been something that has only come to a degree of prominence within the medical community within the past 30-40 years, Nightingale predated this by nearly an entire century. As such, classifying her as a powerful visionary who was socially motivated to not only administer to the physical needs of her patients but also take part in socially conscious work that needed to be done cannot be understated. A further contribution that Nightingale has given to the field of nursing is her background in statistics...
3 Pages(750 words)Essay

Tin roof(bar)Marketing

Social media marketing does not face any hindrance concerning geographical setting hence customers from whatever geographical location can be reached. Social media builds brand, product awareness, a brand is a long-term picture of a given commodity, and it is that which makes a product be known for quite some time. The intensity of a brand has the implication of enabling individuals know a product more, it can be used to create new customers by letting them know about the business. Secondly, letting them be your friends, making of friends is something quite hard given its procedural; on the contrary, it is quite easier through the social media (Keillor pg. 13). This will enable them buy from Tin Roof (bar) as their brand of choic...
4 Pages(1000 words)Essay

Reclining Female Figure

Despite using marble in compositions, people also introduced bronze and used it frequently, thus that age was known as the Bronze Age.
The reclining female figure found in Menil collection is carved in marble with less obvious facial features except for prominent nose that is the only visible portion in the face. The shape of the face is oval which is connected to the neck with a slender torso depicting two round shapes showing breasts of a female. The female figure is made in a nude form with breasts and sexual organ has shown; the only features that consider the figure as feminine. However, the figure has a slightly slender waist that is also indicative of a female figure. The female figure is shown with arms folded below br...
7 Pages(1750 words)Essay

Pushing Tin

... Pushing Tin Pushing Tin is 1999 movie directed by Mike Newell with Nick Falzone and Russell Bell as the main characters. Both work as air traffic controllers, a stressful job that has seen many dismissed for non- performance. Nick boasts of his ability to work as an air controller with the busiest airspaces in the country and for his ability to take up the pressure. He is surprised when a new air controller by the name Bell is deployed on the same job and outdoes him on all the operations. Bell is an interesting man who seldom speaks but has great concentration capacity that makes his tasks outstanding. Although Nick is a happily married man to a sweet wife Connie, he falls for Bells wife when he met her at a supermarket. Nick has...
2 Pages(500 words)Movie Review

Criminology 1 question dark figure of crime

...Dark figure of crime Dark figure of crime Dark figure of crime is a criminology idiom in regards to crime statistics showing the number of unreported as well as undiscovered crimes within given governance. The term is also useful to sociologists in regards to crime level and dispute on the assessment of reliability within the official crime statistics departments. However, dark figure crime may be figured as a crime that has not been discovered by the police force within a given nation and this led to being undiscovered by official crime statistics (Miller & Shelden, 2007). Dark figure crime possesses a threat to a given society. Many of undisclosed as well as unreported crime to the authority lead to unresolved issues within a society...
2 Pages(500 words)Essay

Pushing Tin movie analysis

...Stress experienced by Nick Falzone in the movie "Pushing Tin" In the movie “Pushing Tin”, the main character Nick Falzone experienced stressed caused both by work and non-work related stressors. Nick may have a high tolerance for job related stress because he was cocky with the job of an air controller that is considered as one of the most stressful job. He however experienced stress when a newcomer came in by the character of Russell Bell. Russell seemed to outdo Nick with the job and this caused him stress because his bravado is threatened. Nick’s stress was aggravated by a non-work related stressor when he slept with Russell’s wife Mary. As a consequence, he anticipated that Russell may get back at him and this caused him...
1 Pages(250 words)Case Study

Haven''t figure out

... falls. There is the place for formal happenings that take most of the space in the paper. However, the release is mostly objective in the publications. Most of the articles have a finite goal be it business reports or social-sensitive articles. The material falls in the part. The publication thus is an all-round printout and thus is good in targeting different types of populations. The publication has a couple of distinct features that anyone can isolate in the contents. The writers in the essay use different word choices to illustrate different occasions. For instance, some authors use alliteration and polysyllabic words and phrases to create sentences that tend to roll off the dialect. The fluency of the various sentences is also...
9 Pages(2250 words)Article

Stress in Pushing Tin Film

...Stress in Pushing Tin film In the film Pushing Tin, its cast includes Cusack, John, who acts as Falzone Nick, Thornton Billy Bob, who plays the character of Russell, Cate Blanchett as Connie Falzone among a list of other actors who are also involved in the film. The film is directed by Newell Mike in which the film’s release date was 1999 in the USA (Linson 107). The film is written by Darcy Fey, Glen Charles and even Les Charles. One of the dominant themes in this film is that of stress, which refers to reactions that cause the body to be bothered both physically and mentally. Further, stress can also make reference to a part of life which is ubiquitous in which researchers have intimated that there are different types of stress...
4 Pages(1000 words)Case Study

Garcia Marquezs One Hundred Years of Solitude

The dividing line between contrasting features cannot be drawn as it was the author’s intention to present reality through magical happenings and incredible events.  

Marquez’s novel refers to magical realism which is ‘a mode of narration that naturalizes the supernatural, that is to say, a mode in which real and fantastic, natural and supernatural, are coherently represented in a state of rigorous equivalence – neither has a greater claim to truth or referentiality’.2

The author tries to delete the demarcation line between reality and imagination, history and myth. The line between reality and fantasy is intentionally blurred. That’s why attempting to separate re...
6 Pages(1500 words)Essay

The Early Years Curriculum: A Comparative View

It is designed to meet the diverse needs of all the children so that most would achieve the desired goals or exceed them. This has also been promulgated as law, since March 2002 and it has been declared that the above mentioned early levels goals and objectives could be achieved for each area.A National Consensus on the course contents of the early learning goals were set out in the Curriculum Guidance for the foundation stage. The Foundation stage has been started in the schools during 2002-03.This foundation course has 12 summary scales which have to be completed by the child who is being granted Government funds for study education by the end of his/her term, at this Foundation Stage. The legal aspects governing this Foundation...
6 Pages(1500 words)Term Paper

Slaughterhouse Five or The Childrens Crusade - a Duty-Dance with the Devil

Although there are several major themes to be followed throughout the book, Vonnegut portrays his characters in such a way as to paint revenge as an integral part of the storyline. It is revenge that drives several of the characters to their actions in both war and peacetime and it is revenge that is presented as the motivation behind the Allied firestorm in Dresden. To fully understand the key roles revenge takes within the novel as it is shown through the actions of the characters and the various communities involved, it is also important to understand some basic ‘real-world’ understandings regarding the emotional act of revenge from a philosophical and psychological point of view. Vonnegut, a prolific and celebrated...
13 Pages(3250 words)Book Report/Review

Holistic Approaches to Infant Development 0-8 Years

see the child as like a seed that contains all the elements to produce a fruit if given the proper amounts of nutrients from the soil and water along with sunshine and an ideal climate (Brewer, 2001). The Constructivists, founded on the works of Jean Piaget and Lev Vygotsky, believe that children are not passive recipients of knowledge, rather, they actively work at organizing their experience into constructing their own learning.
The Early Years Foundation Stage (EYFS) is a resource for early childhood care and education practitioners to support the needs of young children under their care. It sets standards for learning, development and care for children up to five years of age. EYFS provides a wide variety of information o...
18 Pages(4500 words)Term Paper

Puddnhead as a Socially Meaningless Figure

Wilson was able to prove that his initial reputation did not run true for the townspeople, for through the “odd” hobby of fingerprinting in which he was known for, a mysterious crime was resolved. Hence, in the near-end of the novel, Wilson was hailed as a major figure in the tale.
Mark Twain tackled the life story of two boys whose identities were switched by a slave mother for fear that her own son might be sold in the riverbank, a feared spot in the tale. Consequently, it became a story of two young men with a mistaken identity thinking that he was white when he was, in reality, black, and vice versa; in which a slave son became an heir to massive wealth, and an heir’s son became a lowly slave. The young...
6 Pages(1500 words)Literature review

Women in American Politics: Past and Future Challenges

The official political role of women in the colonial period was not definite at all. Political rights were founded profoundly on ascribed status such as birthrights and on achieved status such as property. Religion also contributed in determining who could and could not play a part in politics. There was no steady and widespread difficulty in the participation of women in political life, yet only a small number of women voted in England and North American colonies, and hardly any women participated in politics to the degree of putting into effect political influence (ibid). In reality, the minority had any public office at all in England, and no women can be recognized as holding elective political office in the colonies.
19 Pages(4750 words)Research Proposal

Transatlantic Dispute over GMO Regulations

There has in the past been a row over the regulations of Genetically Modified Organisms (GMO) or Genetically Engineered Organisms (GEO), where different factors have been quoted by different stakeholders. The most notable of the stakeholders have been United States, Canada, and Argentina, which have brought about consultations aimed at straightening the disputes, with the European Community (EU), under the auspices of the World Trade Organization (WTO), and in respect to the “Moratorium for Regulations and Approval of Biotech Products” (Pipe SW 2008, pg 11). Based on the fact that the whole issue of GMOs rotates around a process where an organism has its genetic material altered using genetic techniques is in itself a...
6 Pages(1500 words)Coursework

Airbus A 380: SWOT and Porters Five Forces Analysis

... airlines to order and use the Airbus A 380 was Singapore Airlines. In fact, Singapore Airlines ordered the aircraft much before the actual roll out o the aircraft began and was also the first to use the Airbus A 380 on a commercial basis (the first flight using the Airbus A 380 was o October 25, 2007). Apart from Singapore Airlines, Emirates and Qatar Airways are some of the other prominent customers. There are other customers like the aircraft leasing companies etc. As of 2009, the company has an order pipe of around 200 aircraft to be delivered over the next 2-3 years. The company plans to deliver most of these in phases and in 2009, it has already delivered around 14 aircraft. However, what is worrying for the company is that many...
6 Pages(1500 words)Case Study

China Faces Pressure over Currency

Making its products cheaper in the US and thus encouraging imbalanced trade. It has been universally agreed that the free-floating Yuan would be significantly worth 15 cents.
Chinese economists feel that the impact has been over-exaggerated and particularly to America from Yuan revaluation. In particular, a stronger Yuan will not reduce the US’s trade deficit as there is a very smart segment of overlap between China and America Production and hence the US will not be able to replace Chinese imports. The consumer will end up paying more for imports from china or Vietnam and this would be like imposing a tax on US consumers.
The World Bank chief also disagrees with the US’s suggestion on China's currency rise a...
9 Pages(2250 words)Assignment

The Progress of TV Shows

Many channels mean many programs and talk shows; this leads to an infinite number of programs one can see in his life. These programs on air a tremendous knowledge as well as a series of propaganda and rumors against some specific community, society, country or culture. In fact, today’s generation blindly believes and is completely driven by the fact given by the television.
No invention of science is all good or all bad, but the use totally depends on the user. Some watch TV as a source of their everyday knowledge while others watch for the sake of entertainment. Both uses hold a significant position in one’s life.
Scientists and specialists can definitely argue over the positive and negative influences of T...
7 Pages(1750 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Figure 1 below shows the price of Tin over the past five years. It can be seen from Figure 1 that the price of tin has fluctuate for FREE!

Contact Us