Tin Market Report March 2013

Content
Introduction 3
1 Financial overview 3
1.1 Domestic financial overview 3
1.1.Asian Metal Copyright2 Tin scrap prices on the decline 18 7.Asian Metal Copyright1 CPI up by 3.2% in February YOY, a new record in the past 10 months 3
1.1.2 Higher PMI in China 4
1.2 Global financial overview 5
1.2.1 International oil futures rebounding surprisingly in March 5
1.2.2 European debt crisis and QE of Japanese Yen pushing up US dollar in March 6
1.2.3 Worsening Cyprus’ crisis hitting nonferrous metals market 7
2 Tin futures on the LME still weak 8
3 Chinese domestic market review 9
3.1 Chinese tin prices retreat 9
3.2 Tin concentrate market moves down 10
4 Monthly production data 11
4.1 Global tin market in 2,000t surplus in Jan 11
4.2 Chinese February tin production up by 33% MOM 11
4.3 Chinese Jan-Feb production of tin ore up by 18% YOY 11
5 Import & Export data 12
5.1 Tin exports from Indonesia decline in February 12
5.2 US tin imports down by 23% MOM in February 12
5.3 Chinese February imports of tin and tin alloy down by 51% MOM 12
5.4
16
6. Related industry development 17
6.1 Electronic information investment Jan-Feb in a low growth 17
6.2 Tin scrap prices on the decline 18
7. Company news 18
7.1 Timah goes for quality not quantity 18
7.2 L'SEA RESOURCES's production volume of tin in concentrates up 13% yoy in Mar 19
8 Outlook for next month 19