Tin Market Report December 2014

Contents
Introduction 5
1. Financial Overview 5
1.1 Domestic financial overview 5
1.1.Asian Metal Copyright2 The US dollar remained strong in December 8 2 Tin futures on LME fall 9 3 Chinese domestic market review 11 3.Asian Metal Copyright1 CPI up by 1.Asian Metal Copyright Financial Overview 5 1.Asian Metal Copyright4% and PPI down by 2.7% YOY in November 5
1.1.Asian Metal Copyright1 Tin exports from Indonesia in November hit an eight-year low 14 5.Asian Metal Copyright2 PMI down by 0.2% in December 6
1.2 International financial overview 7
1.2.1 Crude oil futures prices continued to slide 7
1.2.2 The US dollar remained strong in December 8
2 Tin futures on LME fall 9
3 Chinese domestic market review 11
3.1 Chinese tin prices on the decline 11
3.2 Tin concentrate prices decrease 12
4 Monthly production data 13
4.1 Global tin market in 3,100-tonne surplus in Jan-Oct 13
4.2 Operating rate of China’s main tin smelters in December up by 39% MOM 13
5 Import & export data 14
5.1 Tin exports from Indonesia in November hit an eight-year low 14
5.2 Chinese imports of refined tin and tin alloys in November down by 61% MOM 15
5.3 Chinese imports of tin ore in November up by 189% MOM 19
6 Related industry developments 23
6.1 Fixed-asset investment in electronic information industry growth still slow 23
6.2 Tin scrap market prices slump 23
7 Company news 24
7.1 PT Timah not to build tin smelter in Burma 24
7.2 Shengmao to build crude tin smelter in Taiwan 24
7.3 China Tin’s 2014 tin production tumbles 24
8 Outlook for January 24

.Asian Metal Copyright1 Chinese tin prices on the decline 11 3Asian Metal Copyright