Chinese imports of tin ore in December down by 7% MOM
2014-01-24 11:08:44 [Print]
BEIJING (Asian Metal) 24 Jan 14 - According to data from China Customs, China imported 15,275t of tin ore in December 2013, down by 7% month-on-month and up by 391% year-on-year.
In December, tin prices fluctuated at a low level, and Chinese domestic tin demand was still dim. In this case, many tin smelters reduced production, and the consumption for tin ore declined. Moreover, most buyers were under high pressure of capital turnover and decreased the imports. Therefore, the total imports moved down in December. China imported 14,695t of tin ore from Burma in December, and the volume accounted for 96% of the total imports.
Additionally, Chinese total imports reached 96,570t in 2013, up by 198% compared with the volume in 2012. On the one hand, some domestic mines reduced or even suspended production due to safety and environmental checks. On the other hand, the grade of domestic tin ore kept falling. Therefore, Chinese buyers increased the imports of tin ore.
In January, many smelters lower or halt production for the coming Spring Festival holiday, and the consumption for tin ore may continue to go down. In this case, the imports of tin ore may continue to decline further in January.
In December, tin prices fluctuated at a low level, and Chinese domestic tin demand was still dim. In this case, many tin smelters reduced production, and the consumption for tin ore declined. Moreover, most buyers were under high pressure of capital turnover and decreased the imports. Therefore, the total imports moved down in December. China imported 14,695t of tin ore from Burma in December, and the volume accounted for 96% of the total imports.
Additionally, Chinese total imports reached 96,570t in 2013, up by 198% compared with the volume in 2012. On the one hand, some domestic mines reduced or even suspended production due to safety and environmental checks. On the other hand, the grade of domestic tin ore kept falling. Therefore, Chinese buyers increased the imports of tin ore.
In January, many smelters lower or halt production for the coming Spring Festival holiday, and the consumption for tin ore may continue to go down. In this case, the imports of tin ore may continue to decline further in January.
Tin Conc. 60%min Delivered China
Unit:RMB/mtm
China tin concentrate producers' inventory to production ratio statistics by province by month
Unit: %
