Tin Market Report January 2014

Content
Introduction 4
1. Financial overview 4
1.1 Chinese domestic financial overview 4
1.1.Asian Metal Copyright3 Chinese imports of tin concentrate in December down by 7% MOM 18 6.Asian Metal Copyright1 CPI up by 2.Asian Metal Copyright3 Chinese tin concentrate production in December down by 6% MOM 13 5 Import Export data 13 5.Asian Metal Copyright5% YOY and PPI down by 1.4% YOY in December 4
1.1.2 PMI records a new low in January 5
1.2 International financial overview 5
1.2.1 Chinese economic data and crude oil future price down 5
1.2.2 US dollar index keeps consolidating 6
2 Tin futures on the LME decrease slightly 7
3 Chinese domestic market review 9
3.1 Chinese tin prices range at a low level 9
3.2 Trading in tin concentrate market slow 10
4 Monthly production data 11
4.1 Global Tin Market in 4,700-ton deficit Jan-Nov 11
4.2 Chinese tin production in December up by 7% MOM 12
4.3 Chinese tin concentrate production in December down by 6% MOM 13
5 Import & Export data 13
5.1 Tin exports from Indonesia in December hit 2-year high 13
5.2 Chinese imports of tin and tin alloy in December down by 23% MOM 14
5.3 Chinese imports of tin concentrate in December down by 7% MOM 18
6. Related industry development 21
6.1 Electronic information manufacturing industry increases slowly in 2013 21
6.2 Little improvement in tin scrap market 21
7. Company news 21
7.1 PT Timah to sell 4,500t of tin in the first quarter 21
7.2 Yunxiang Mining & Smelting’s tin production in 2013 up by 12% YOY 21
8 Outlook for February 22

.Asian Metal Copyright2 Chinese tin production in December up by 7% MOM 12 4Asian Metal Copyright