Tin market report October 2012
2012-11-13 14:41:18 【Print】
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Contents
Contents 2
Figures Contents 3
Tin market report October 2012 4
Introduction 4
1. Financial Overview 4
1.1 Chinese domestic financial overview 4
1.1.1 CPI up by 1.9% and PPI down by 3.6% YOY in September 4
1.1.2 Chinese PMI picked up in October 5
1.2 International Financial Overview 6
1.2.1 Futures prices of crude oil downward in October 6
1.2.2 European economy remained depressed while US dollar index rebounded in concussion 7
1.2.3 More uncertainty expected in non-ferrous metals industry due to sluggish global economy 8
2 Chinese domestic market review 9
Tin futures on the LME fall in October 9
3 Chinese domestic market review 10
3.1 Chinese domestic tin ingot prices drop by near 5.5% in October 10
3.2 tin concentrate offers retreat 11
4 Output data analysis 12
4.1 PT Timah predicts their tin output in 2012 will reach 38000t at least 12
4.2 Chinese tin production in September down by about 2.5% MOM 12
4.3 Chinese tin concentrate production up by 7.7% MOM in September 13
4.4 Operating rate of Chinese tin ingot plant down to 54.9% in Oct under slacker market 13
5 Analysis of import & export data 15
5.1 Chinese imports of refined tin and tin alloy up by 10% MOM in September 15
5.2 Chinese tin concentrate imports in September up by 91% MOM 19
6. Related industry development 21
6.1 Prices of tin solder stable 21
6.2 Tin scraps market remains sluggish 21
7. Company news 21
7.1 Jinye Minerals Co. Ltd. reduces tin output by 1/2 21
7.2 Tin production of Ya-Run Economic and Trade Co., Ltd. down by about 1/3 22
7.3 Recovery plan of Guangxi pgma to be delayed 22
7.4 Jianshi Metal stops tin ingot production last week 22
8 The trend forecast next month 22
Figures Contents
Chart 1 Chinese CPI and PPI trend 2011-2012 5
Chart 2 Chinese PMI 2011-2012 6
Chart 3 Futures price trend of US crude oil in main contracts 7
Chart 4 US dollar index trend 8
Chart 5 The price of 3-month tin on the LME 9
Chart 6 The price of 3-month tin stocks on the LME 10
Chart 7 Chinese tin prices 11
Chart 8 The price of tin concentrate price in China 12
Chart 9Chinese refined tin and tin alloy import from January 2011 to September 2012 16
Chart 10 Chinese tin import volume from major countries in the first nine months of 2012 16
Chart 11 Chinese tin concentrate import from January 2011 to September 2012: 19
Chart 12 Chinese tin concentrate import volume from major countries in the first nine months of 2012 20
Table 1 the operating rates of tin ingot in various areas 14
Table 2 Chinese tin import data 17
Table 3 Chinese tin concentrate imports data 20
Contents 2
Figures Contents 3
Tin market report October 2012 4
Introduction 4
1. Financial Overview 4
1.1 Chinese domestic financial overview 4
1.1.1 CPI up by 1.9% and PPI down by 3.6% YOY in September 4
1.1.2 Chinese PMI picked up in October 5
1.2 International Financial Overview 6
1.2.1 Futures prices of crude oil downward in October 6
1.2.2 European economy remained depressed while US dollar index rebounded in concussion 7
1.2.3 More uncertainty expected in non-ferrous metals industry due to sluggish global economy 8
2 Chinese domestic market review 9
Tin futures on the LME fall in October 9
3 Chinese domestic market review 10
3.1 Chinese domestic tin ingot prices drop by near 5.5% in October 10
3.2 tin concentrate offers retreat 11
4 Output data analysis 12
4.1 PT Timah predicts their tin output in 2012 will reach 38000t at least 12
4.2 Chinese tin production in September down by about 2.5% MOM 12
4.3 Chinese tin concentrate production up by 7.7% MOM in September 13
4.4 Operating rate of Chinese tin ingot plant down to 54.9% in Oct under slacker market 13
5 Analysis of import & export data 15
5.1 Chinese imports of refined tin and tin alloy up by 10% MOM in September 15
5.2 Chinese tin concentrate imports in September up by 91% MOM 19
6. Related industry development 21
6.1 Prices of tin solder stable 21
6.2 Tin scraps market remains sluggish 21
7. Company news 21
7.1 Jinye Minerals Co. Ltd. reduces tin output by 1/2 21
7.2 Tin production of Ya-Run Economic and Trade Co., Ltd. down by about 1/3 22
7.3 Recovery plan of Guangxi pgma to be delayed 22
7.4 Jianshi Metal stops tin ingot production last week 22
8 The trend forecast next month 22
Figures Contents
Chart 1 Chinese CPI and PPI trend 2011-2012 5
Chart 2 Chinese PMI 2011-2012 6
Chart 3 Futures price trend of US crude oil in main contracts 7
Chart 4 US dollar index trend 8
Chart 5 The price of 3-month tin on the LME 9
Chart 6 The price of 3-month tin stocks on the LME 10
Chart 7 Chinese tin prices 11
Chart 8 The price of tin concentrate price in China 12
Chart 9Chinese refined tin and tin alloy import from January 2011 to September 2012 16
Chart 10 Chinese tin import volume from major countries in the first nine months of 2012 16
Chart 11 Chinese tin concentrate import from January 2011 to September 2012: 19
Chart 12 Chinese tin concentrate import volume from major countries in the first nine months of 2012 20
Table 1 the operating rates of tin ingot in various areas 14
Table 2 Chinese tin import data 17
Table 3 Chinese tin concentrate imports data 20
