Tin Market Report April 2013

Content
Introduction 3
1 Financial overview 3
1.1 Domestic financial information 3
1.1.Asian Metal Copyright1 Chinese tin prices continue to go down 9 3.Asian Metal Copyright1 CPI increases by 2.Asian Metal Copyright1 Renison’s production of tin ore in April down by 6% YOY 18 7.Asian Metal Copyright1% YOY while PPI decreases by 1.9% YOY 3
1.1.Asian Metal Copyright2 Peru tin production in March down by 12.Asian Metal Copyright2 PMI in April decreases by 0.3% MOM 4
1.2 International financial information 5
1.2.1 International crude oil price sees fluctuation in April 5
1.2.2 US dollar index stabilizes at high levels 6
1.2.3 FED to quantitative easing policies, 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 continue to go down 9
3.2 Tin concentrate market moves down 10
4 Monthly production data 11
4.1 Global tin market in 3,700t surplus in Jan-Feb 11
4.2 Peru tin production in March down by 12.79% MOM 11
5 Import & Export data 11
5.1 Tin exports from Indonesia in March up by 10.6% MOM 11
5.2 US tin imports up by 16% MOM in March 12
5.3 Chinese March imports of tin and tin alloy up by 41% MOM 12
5.4 Chinese March imports of tin concentrate up by 269% MOM 15
6. Related industry development 17
6.1 March Semiconductor Sales Up Again 17
6.2 Tin scrap prices on the decline 18
7. Company news 18
7.1 Renison’s production of tin ore in April down by 6% YOY 18
7.2 L'SEA RESOURCES's production volume of tin in concentrates up 13% yoy in Mar 18
8 Outlook for next month 18

.Asian Metal Copyright1% YOY while PPI decreases by 1Asian Metal Copyright