Tin Market Report August 2014
2014-09-16 15:25:09 【Print】
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Contents
Introduction . 4
1. Financial news . 4
1.1 Chinese domestic financial overview . 4
1.1.1 CPI up by 2.3% and PPI down by 0.9% YOY in July . 4
1.1.2 August PMI down obviously . 5
1.2 International financial overview . 6
1.2.1 Crude oil futures prices keep falling back . 6
1.2.2 US dollar strong again amid depressed European economy . 7
2 Tin futures on the LME decline . 8
3 Chinese domestic market review . 10
3.1 Chinese tin prices decline . 10
3.2 Tin concentrate increase. 11
4 Monthly production data . 12
4.1 Global tin Market in 2,500-tonne deficit in Jan-Jun . 12
4.2 Operating rate of Chinese main tin smelters in August down by 12.12% MOM . 12
5 Import & export data . 13
5.1 Tin exports from Indonesia in July down by 38.22% MOM . 13
5.2 Chinese imports of refined tin and tin alloys in July down by 10.16% MOM . 14
5.3 Chinese imports of tin ore in July down by 1.30% MOM . 18
6 Related industry developments . 22
6.1 Fixed-asset investment growth slows . 22
6.2 Tin scrap market sluggish . 23
7 Company news . 23
7.1 PT Timah to decrease tin exports to raise tin prices . 23
7.2 Yunnan Tin makes up deficit in the middle of year with net profit of RMB2.995 million . 23
8 Outlook for August . 24
Introduction . 4
1. Financial news . 4
1.1 Chinese domestic financial overview . 4
1.1.1 CPI up by 2.3% and PPI down by 0.9% YOY in July . 4
1.1.2 August PMI down obviously . 5
1.2 International financial overview . 6
1.2.1 Crude oil futures prices keep falling back . 6
1.2.2 US dollar strong again amid depressed European economy . 7
2 Tin futures on the LME decline . 8
3 Chinese domestic market review . 10
3.1 Chinese tin prices decline . 10
3.2 Tin concentrate increase. 11
4 Monthly production data . 12
4.1 Global tin Market in 2,500-tonne deficit in Jan-Jun . 12
4.2 Operating rate of Chinese main tin smelters in August down by 12.12% MOM . 12
5 Import & export data . 13
5.1 Tin exports from Indonesia in July down by 38.22% MOM . 13
5.2 Chinese imports of refined tin and tin alloys in July down by 10.16% MOM . 14
5.3 Chinese imports of tin ore in July down by 1.30% MOM . 18
6 Related industry developments . 22
6.1 Fixed-asset investment growth slows . 22
6.2 Tin scrap market sluggish . 23
7 Company news . 23
7.1 PT Timah to decrease tin exports to raise tin prices . 23
7.2 Yunnan Tin makes up deficit in the middle of year with net profit of RMB2.995 million . 23
8 Outlook for August . 24
