More Korean stockpile purchases

South Korea’s Public Procurement service bought a further 500 tonnes of refined tin through two tenders this week, bringing total purchases in the year to date to 1,000 tonnes. The agency plans to buy 2,200 tonnes this year. Both tender awards went to Daewoo...

Korea stockpile authority back in market

South Korea’s Public Procurement Service (PPS) bought 300 tonnes of MSC brand tin on 15 May through a public tender, its second purchase of refined tin this year. The metal will be supplied by Metal Park at a premium of $575/tonne to the LME price cif Incheon,...

Indonesian export boom continues

Preliminary data shows that refined tin shipments from Indonesia, the world’s top exporter of the metal, gained 11.3% in March to 9,295.70 tonnes from 8,354.49 tonnes in February, a trade ministry official told Reuters. Indonesian refined tin exports for March...

China imports in February slow down

China imported 1,145t refined tin in February, down by 51% compared to January and 69% year-on-year. Although it is the lowest monthly imports in the recent past, it is still a higher level compared with imports before 2012. There has been no profitable space for...

China tin imports increased again in January

China imported 2,350t of refined tin in January, according to the latest data from China Customs. This was up by 46% year-on-year and also 23% higher than imports in December. There has not been any profitable arbitrage space from last October for the general import...

China refined tin trade patterns changing

China imported 1,908t of refined tin in December 2012, down by 33% month-on-month and 44% year-on-year. The price differential between China and the LME has been very narrow and non-profitable for general imports in December and January, so we expect refined imports...

Indonesian exports remain strong

Refined tin shipments from Indonesia climbed 9.4% in December from a month earlier after prices gained for a second month, Bloomberg reported. Exports rose to 8,689.2 tonnes from 7,946 tonnes in November, according to data from the trade ministry today. Overseas sales...

Indonesia tightens tin export regulations

Indonesian Trade Minister Gita Wirjawan has issued a new decree which specifies that from 1 July 2013 refined tin exports must have a minimum purity of 99.9% tin, up from the current figure of 99.85%. In addition exports of tin solders are also to be brought within...

China tin production and imports rise in November

Chinese refined tin production in November increased by 20% from October to 15,393t, while tin-in-concentrate production increased by 47% to 8,591t, according to data from China nonferrous metals association (CNIA). Steady and rising prices in November stimulated the...

Indonesian shipments lower in November

Refined tin shipments from Indonesia, the world’s largest exporter, fell in November, the first decline in three months, after rain hampered production, Bloomberg reported. Exports declined 28% to 7,946 tonnes from 11,048 tonnes in October, data from the Trade...