Tin market report August 2012

Contents
Contents 2
Tin market report August 2012 4
Introduction 4
Financial overview 4
1.1 Domestic financial review 4
1.1.1 Chinese CPI sees continuous downtick in July 4
1.1.2 Chinese PMI recorded new bottom in July 5
1.1.3 Expectations for easing policy will hold nonferrous metal prices up 6
1.2.1 Global crude oil prices see volatile appreciation in August 6
1.2.2 USDX sees volatile downtick 7
1.2.3 Tin futures on the LME rebound sharply in late August 8
2 Chinese domestic market review 9
2.1 Tin price rises sharply 9
2.2 tin concentrate offers up 10
3 Output data analysis 11
3.1 The global tin market excess supply of 1,400 tons in the first 6 months of 2012 11
3.2 90% of tin smelters halt production in Indonesia 11
3.4 Chinese tin production in July up by about 1.3% MOM 11
3.5 Many smelters continued to reduce production in June 12
3.6 Chinese tin concentrate production down by 10% in July 12
4 Analysis of import & export data 13
4.1 Chinese imports of refined tin and tin alloy up by 27% MOM in August 13
4.2 Chinese tin concentrate imports in July up by 70% MOM 18
5. Company news 20
5.1 tin production in Hechi falls due to pollution 20
5.2 Timah recovers tin trading in spot market 20
5.3 a large number of tin mines found in Saxony of Germany 20
6 The trend forecast next month 21



Figures Contents

Chart 1 Chart of CPI and PPI in China during 2011-2012 5
Chart 2 Index of PMI in China during 2011-2012 6
Chart 3 Prices in main contract market of crude oil in US 7
Chart 4 Chart of USDX tendency 7
Chart 5 The price of 3-month tin on the LME 8
Chart 6 The price of 3-month tin stocks on the LME 9
Chart 7 Chinese tin prices 10
Chart 8 The price of tin concentrate price in China 10
Chart 9 The tin output in China 12

Table 1 Chinese tin import data 14
Table 2 Chinese tin concentrate imports data 19

.Asian Metal Copyright2 Chinese tin concentrate imports in July up by 70% MOM 18 5Asian Metal Copyright