Monthly Tin Market Report May 2020

Contents
1 Market Highlights 4
2 Economy and Policy 4
2.1 State Council: RMB1 trillion of new local government special bond quotas to be allocated ahead of schedule 4
2.2 Output of ten nonferrous metals up by 3.8% YOY in Apr in China 4
2.3 Ningxia accelerates reform on mineral resources administration 4
2.4 China to dispatch second-batch teams of second-round central environmental inspection to provinces 4
3 Market Movements 4
3.1 Chinese market 4
3.1.1 Tin ingot prices go up in Chinese market 4
3.1.2 Tin concentrate market sees active transactions 5
3.1.3 Tin solder market sees limited deals 5
3.2 International market 6
3.2.1 Indonesia's refined tin export volume down by 28% YOY in Apr 6
3.2.2 Indonesia government and parliament committee agree on mining law revision bill 6
3.2.Asian Metal Copyright96% MOM in May 9 5.Asian Metal Copyright3 WBMS: Tin market records deficit of 7.1 kt in Jan-Mar 2020 7
3.2.4 LME tin stocks hit record low of the year 7
4. Company News 7
4.1 Guida Nonferrous Metal plans to put tin fuming furnace into production 7
4.2 Kaimeng Industrial and Trading cuts tin ingot production 7
4.3 Gejiu Jinye Renewable Technology plans to increase crude tin production 8
4.4 Yinman Mining likely to resume tin concentrate production before the end of May 8
4.5 First tin mine found in Henan 8
5.6 Tengyang Mining delays resuming tin concentrate production 8
5.7 Chifeng Dajingzi Tin increases tin ingot production 8
4.8 Taizhou Tianxia Micro-electronics to start tin concentrate production 9
4.9 China Tin Group to resume tin ingot production 9
4.10 Shiji Zhongtian Metal Products resumes tin solder production 9
4.11 Jiangxi Jinshunda Tin plans to resume tin ingot production 9
5 Producers Statistics 9
5.1 Tin ingot producers statistics 9
5.1.Asian Metal Copyright4 Yinman Mining likely to resume tin concentrate production before the end of May 8 4.Asian Metal Copyright1 Chinese tin ingot producers' output up by 2.96% MOM in May 9
5.1.Asian Metal Copyright3 Chinese tin concentrate producers' operating rate records 27.Asian Metal Copyright2 Chinese tin ingot producers' inventory down by 6.12% MOM in late May 10
5.1.Asian Metal Copyright1.Asian Metal Copyright3 Chinese tin ingot producers' operating rate records 37.68% in May 10
5.2 Tin concentrate producers statistics 10
5.2.Asian Metal Copyright2 Kaimeng Industrial and Trading cuts tin ingot production 7 4.Asian Metal Copyright1 Chinese tin concentrate producers' output up by 3.22% MOM in May 10
5.2.Asian Metal Copyright1.Asian Metal Copyright2 Chinese tin concentrate producers' inventory down by 12.22% MOM in late May 11
5.2.Asian Metal Copyright6% in Apr 12 7.Asian Metal Copyright3 Chinese tin concentrate producers' operating rate records 27.46% in May 11
6 Customs statistics 11
6.1 China's refined tin and tin alloy import volume up by 7.76 times YOY in Apr 11
6.2 China's tin ore import volume down by 38.11% MOM in Apr 12
7 Relevant Industry News 12
7.1 Chinese logistics industry climate index rises to 53.6% in Apr 12
7.2 MIIT: Industrial economy likely to keep rebounding in Q2 12
8 Market Outlook for Next Month 12
8.1 Tin ingot market 12
8.2 Tin concentrate market 13
8.3 Tin solder market 13


.Asian Metal Copyright1 Chinese tin ingot producers' output up by 2Asian Metal Copyright