SMM see tin price breaching US$ 20,000 in 2020
According to Shanghai Metals Markets (SMM), tin prices on the Shanghai Futures Exchange (SHFE) are likely to rebound to above US$ 20,000/tonne by the end of the year on the back of tight supply. SMM data, as well as ITA figures, indicate that refined tin production in...Mine accident further tightens Chinese tin market
The already tight tin concentrate market in China has been dealt a further blow after a mine collapsed near the city of Hechi, Guangxi province, killing two and trapping a further 11 people. At about 6:30 on 28 October, the roof at a mine owned by Qingdaxiyuan Mining...Asia Tin Week: Medium-term tin market future is positive
ITA held its annual Asia Tin Week event in September, located this year in the city of Xi’an, China. Over 250 delegates gathered at the event to discuss the tin market as well as future applications and sources of tin. The occasion also celebrated the tenth...Tight concentrate market and reduced profit margins lead to cuts in Chinese tin production
Due to a tight concentrate market and low profit margins, Chinese smelters are planning to reduce their production of refined tin by around 10%. The Chinese concentrate market has been increasingly tight throughout 2019, caused in part by lower domestic output after...Falling tin prices prompt Chinese smelters to reduce production
With low tin prices on both the London and Shanghai trading houses, Chinese miners are struggling to generate a profit, resulting in lower production of tin concentrate. Combined with mine closures earlier in the year, smelters in the country are finding it difficult...Chinese export window closes as ore imports continue decline
China’s import of tin concentrate continued to fall in May relative to last year as mine production in Myanmar continues to decline, while refined tin exports also fell due to a shrinking arbitrage between the Shanghai and London-based metals exchanges. Customs...Potential YTC – Minmetals merger announced
According to local sources, the Yunnan provincial government and China Minmetals are set to finalise a deal that will deepen the ties between the two organisations. This could result in China Minmetals becoming the majority shareholder of the Yunnan Tin Group...Strong refined tin exports from China juxtapose restricted concentrate supply
Chinese customs data, the primary source of information for the country’s trade, has revealed that imports of tin ore and concentrate from Myanmar have been continuing their downward trend. According to the latest customs statistics, China’s gross tin ore and...LME considering China expansion
According to sources at LME Asia Week in Hong Kong, the LME are in talks with the officials in the Guangdong province of China to open a new warehouse. LME warehouses have near-total coverage of the major tin-using countries and regions, and currently, Asia is served...
