Tin Market Report 2011

Contents
Introduction 1
1. Essential property of tin 1
1.1 The property of tin 1
1.2 Tin application and proportion 1
1.3 Deposit type of tin 2
2. Global reserves of tin and distribution 3
2.1. Global reserves of tin and distribution 3
2.2 Tin reserves and distribution in China 3
2.2.1 Tin reserves in China 3
2.2.2 The distribution of tin in China 4
3. Macro-economy review 4
3.1 US second quantitative easing monetary policy supports the high price in H1 4
3.2 European debt crisis occurs non-ferrous metal market falls in H2 5
3.2.1 Reasons for debt crisis in Europe 5
3.2.2 European debt crisis spreads rapidly 5
3.2.3 European debt crisis trend 6
3.3 BRIC economic growth slows down 6
3.3.1 Indian rupee depreciates and high inflation causes slow economic growth 6
3.3.2 Chinese currency policy tightens and house price falls 6
3.4 World economic outlook for 2012 and non-ferrous metal price 8
3.4.1 World economy expected to slow down 8
3.4.2 Non-ferrous metal price slips due to appreciation of US dollars 9
3.4.3 Strong oil price support non-ferrous metal rates 10
4. Tin market review in 2011 10
4.1 Tin futures on LME review 10
4.2 Chinese tin market review 12
4.2.1 Chinese tin price 12
4.2.2 Chinese tin concentrate price 13
5. Analysis of tin output data 14
5.5 Tin output in the word 14
5.1.Asian Metal Copyright2 The output of tin ore in China 18 6.Asian Metal Copyright1 Tin concentrate output in the world. 14
5.1.2 Tin ore output in the world 15
5.2 Indonesian tin output 16
5.3 Tin production data in Malaysia 16
5.4 Tin production data in Peru 16
5.5 Tin production data in China 17
5.5.1 The output of refined tin in China 17
5.5.2 The output of tin ore in China 18
6. Analysis of import and export data 18
6.1 The export of tin in Indonesia 18
6.2 Analysis of tin import in China 19
6.2.1 The import of refined tin and tin alloy in China 19
6.2.2 The export of refined tin and tin alloy 20
6.2.3 Analysis of tin ore import in China 21
6.2.4 The export quota of tin and tin products decreases in China 21
7. Analysis of downstream consumption 22
7.1 major consumers of tin and rate 22
7.2 Analysis of Chinese tin consumption 23
8. Outlook for 2012 24
8.1 Macro-economy forecast 24
8.1.1 European debt crisis weakens the market 24
8.1.2 US economy to pick up 24
8.1.3 Chinese economy slows down 25
8.2 Outlook 25

Chart 1 word tin consumption rate 2
Chart 2 World tin production and distribution 3
Chart 3 CPI and PPI in 2011 8
Chart 4 The DXY in 2011 9
Chart 5 Tin futures on the LME in 2011 11
Chart 6 Tin stocks on the LME in 2011 12
Chart 7 Tin prices in China 2011 13
Chart 8 Tin concentrate 60%min prices in China 2011 14
Chart 9 Global tin production 2007-2010 15
Chart 10 Global tin concentrate production 2007-2010 15
Chart 11 Tin production in China 2002-2011 17
Chart 12 Tin production in China 2011 17
Chart 13 Tin concentrate production in China 2011 18
Chart 14 Indonesian tin exports 2011 19
Chart 15 Chinese tin imports 2011 20
Chart 16 Chinese tin exports 2011 20
Chart 17 Chinese tin concentrate imports 2011 21
Chart 18 Chinese tin export quota 2003-2012 22


Table 1 The deposit reserve rate adjustment in 2011 7
Table 2 The supply and demand of tin in Chinese market in 2008-2011 23

                                                                 Tin market report 2011

Introduction

Most metal markets fluctuated in 2011 due to uncertainties of debt crisis in Europe and depreciation of US national loan credit. The price of tin futures on LME was the first to go down due to the pessimistic macro-economy, which led to numbers to fall in Chinese market.Asian Metal Copyright3.Asian Metal Copyright The tin market was unlikely to see improvement due to concern about European debt crisis and global economy, despite the fact that the market remained relatively strong.