China tin imports remain high
China imported 3,318t refined tin in September according to China Custom data, up by 13% compared to August, although the rise in LME prices last month had eliminated obvious arbitrage opportunities. We believe the high volume was due to delayed arrivals of shipments....Yunnan Tin reports profit slump
Yunnan Tin Company Ltd reported that its net profit decreased by 96% in the third quarter of 2012 to RMB 8.32 million. Operating revenue during the period grew 18% year-on-year to RMB 4.4 billion. In the first nine months of 2012 the net profit of YTC was reported at...Improvement in China demand predicted
Executives and Chinese solder companies interviewed by Reuters expect increases in tin demand and prices in the final quarter, although China’s tin use in 2012 will still be lower than last year. “If demand rises as expected, all of us will rush to...China refined tin imports surge again
China imported 3,125t refined tin in July, up by 333% year-on-year and 31% compared to June. Total refined tin imports were 16,706t in January-July this year, more than three times the imports of 5,526t in the same period of last year. Of the total for the year to...Strong China refined tin imports in June
China refined tin imports in June were very strong again, rising by 75% year-on-year and 53% compared to May to 2,386 tonnes, according to latest China Custom data. The positive arbitrage between LME and domestic Chinese prices attracted more imports in June. The...China imports of refined tin high again in May
China imported 1,562 tonnes of refined tin in May, up by 95% year-on-year, according to the latest official customs data. 90% of the total imports was from Indonesia. Cumulative imports in January – May were 11,196 tonnes, up by 225% from 3,444 tonnes in the...China Tin listing next month
China Tin is expecting to complete an initial public offering of its shares on the Shanghai stock market by the end of July. The company lodged its prospectus with the China securities regulatory commission in April and is now waiting for final approval to proceed...More production problems in China
While continuous large imports and soft demand have resulted in a build-up of tin metal stocks in China, tin may continue to flow into the country due to mine supply problems. Tin production in China is declining because of the pressure of drought conditions,...YTC reports improved 2011 results, but warns on Q1 weakness
Yunnan Tin Company, the world’s largest tin producer, said on Tuesday that its net profit for 2011 increased 92% year-on-year to RMB 703 million yuan (US$112 million at current exchange rates). According to a filing with the Shenzhen stock exchange reported by...
