Major Indonesian producers comment further on planned cuts

Apr 23, 2015

Following initial announcements made last Friday, spokesmen for the two largest Indonesian tin producers provided further information on their immediate plans to Reuters and Bloomberg on Tuesday and Wednesday this week. PT Timah Corporate Secretary Agung Nugroho told...

Short-term price outlook – points to watch

Apr 23, 2015

The collapse in LME tin prices at the end of last week to a temporary low of some $13,600/t on Friday morning was the culmination of a downward trend that set in from the middle of last year. Eventually the price spiralled downward as market sentiment became very...

China tin concentrate imports dropped in March

Apr 22, 2015

China tin concentrate imports dropped to 16,490t (gross weight) in March according to the latest official customs data released today, with almost 99% of concentrate arriving from Myanmar. Imports have fallen month-on-month in each of the last four months from the...

Price collapse forces bigger cuts in Indonesia

Apr 21, 2015

The melt-down in LME tin prices on Friday produced an instant reaction from the main Indonesian producers, who will halt sales at prices below US$17,000/tonne. “PT Timah and all our members will not trade below US$17,000,” Jabin Sufianto, president of the...

China Tin announces shut down of its Ausmelt furnace

Apr 16, 2015

China Tin – the third largest producer in China – has announced a shut-down of its Ausmelt furnace for maintenance from 16 April for one month. The Ausmelt furnace of China Tin started up in March 2013, with a capacity of 20,000tpy. China Tin produced more than...

MSC reports fall in profits in 2014

Apr 14, 2015

Malaysia Smelting Corporation (MSC) has revealed a 32% fall in profits to RM68.43 million for the 2014 financial year in its recently published 2014 annual report. The group’s revenue increased 21% to RM1.9 billion in 2014, helped by higher refined tin sales, but...