Tin Market Report February 2015

Contents

Introduction 4
1. Financial Overview 4
1.1 Domestic financial overview 4
1.1.Asian Metal Copyright1.Asian Metal Copyright1 January CPI growth rate breaks 1% PPI drops 4.3% YOY 4
1.1.2 February PMI rebounds slightly 5
1.2 International financial overview 6
1.2.1 Crude oil futures prices rebound from the bottom 6
1.2.2 US dollar to keep climbing up in February 7
2 Tin futures on LME slump 8
3 Chinese domestic market review 9
3.1 Chinese tin prices decline 9
3.2 Tin concentrate prices decrease 10
4 Monthly production data 11
4.1 Global tin market in 7,300-tonne surplus in 2014 11
4.2 Operating rate of China’s main tin smelters in February down by 17.3% MOM 11
5 Import & export data 12
5.1 Tin exports from Indonesia down by 34% MOM in January 12
5.2 Chinese imports of refined tin and tin alloys in January down by 68.8% MOM 13
5.3 Chinese imports of tin ore in January down by 10% MOM 17
6 Related industry developments 20
6.1 Homebred mobile phone market in a transformation 20
6.2 Tin scrap market moves down 20
7 Company news 21
7.1 PT Timah suspends new sales of tin ingot 21
7.2 Dajingzi Tin restarts tin production in early March 21
8 Outlook for March 21


.Asian Metal Copyright2 February PMI rebounds slightly 5 1Asian Metal Copyright