Rising demand increases China’s appetite for overseas tin

Despite a shrinking arbitrage, official Customs data shows that China imported a large amount of refined tin in July – 2,750 tonnes – a six-fold increase from 2019. Imports year-to-date reached 12,113 tonnes, eleven times higher than the same period last year. As a...

Baiyinchagan restart scheduled

The Baiyinchagan mine is set to come back online after the local government approved its mining license on 27 July. The mine, located in Inner Mongolia, China, was closed in early 2019 after a fatal accident. At the time, it was estimated that the mine would close for...

Yunnan stockpiling unlikely to affect tin market

Last week, the Yunnan government announced that it would offer incentives for producers in the province to stockpile up to 40,000 tonnes of tin. The stockpiling efforts were initially announced back in April, although only the total for all base metals was announced –...

Chinese refined tin imports hit eight-year high

China has continued its recent trend of significant imports of refined tin: the latest official data shows a nearly 2000% increase from May 2019. According to the latest China Customs data, China imported 3,674 tonnes of refined tin in May 2020. This is a 1762%...

Chinese refined tin imports remain high

With the SHFE-LME arbitrage still wide, China continues to import record amounts of refined tin. The latest China Customs data indicates that the country imported 1,183 tonnes of refined tin in April. While this is level with March’s total, this is up some 773%...

COVID-19: China tin industry in recovery mode

The tin industry in China is beginning to recover from the COVID-19 outbreak, with imports of tin concentrate returning to normal levels. Refined metal imports remain elevated as demand grows. According to the latest customs data, China imported 4,000 tonnes of...

YTC reports increased profits despite lower production in 2019

According to its 2019 annual report, Yunnan Tin Co. (YTC) increased its profit last year despite lower refined tin production. The company plans to improve both in 2020. YTC final audited numbers show that it produced 72,600 tonnes of refined tin in 2019, along with...

China refined tin imports increase eight-fold

Imports of refined tin metal into China increased eight-fold during the country’s quarantine to stop the spread of COVID-19. The outbreak of the novel coronavirus (COVID-19) forced the Chinese government to quarantine the country, halting the majority of...

China supply chain becoming top heavy?

Following the first round a week ago, ITA conducted a second survey of Chinese companies. Most companies in the tin supply chain have resumed production following the coronavirus outbreak. Further downstream, companies are still struggling to return to work. Upstream,...

Chinese tin industry optimistic despite coronavirus

With the spread of the novel coronavirus beginning to peak, the effect on the tin market is becoming clearer. Here we present the results of our snap survey of tin producers and consumers in China. Upstream The second week of February usually sees smelters return to...