Tin Market Report November 2014

Contents
Introduction 4
1. Financial Overview 4
1.1 Domestic financial overview 4
1.1.Asian Metal Copyright1 Global tin market in 1,900-tonne deficit in Jan-Sep 11 4.Asian Metal Copyright1 CPI up by 1.Asian Metal Copyright2 International financial overview 6 1.Asian Metal Copyright6% and PPI down by 2.2% in October YOY 4
1.1.Asian Metal Copyright1 Chinese tin prices decline 9 3.Asian Metal Copyright2 PMI down by 0.5% in November 5
1.2 International financial overview 6
1.2.Asian Metal Copyright2 Operating rate of China’s main tin smelters in November down by 8% MOM 11 5 Import export data 12 5.Asian Metal Copyright1 Crude oil futures prices tumbled by 18.6% 6
1.2.2 US dollar index slightly climbs in November 6
2 Tin futures on LME rebound 7
3 Chinese domestic market review 9
3.1 Chinese tin prices decline 9
3.2 Tin concentrate prices fall 10
4 Monthly production data 11
4.1 Global tin market in 1,900-tonne deficit in Jan-Sep 11
4.2 Operating rate of China’s main tin smelters in November down by 8% MOM 11
5 Import & export data 12
5.1 Tin exports from Indonesia in October up by 49% MOM 12
5.2 Chinese imports of refined tin and tin alloys in October up by 10.5% MOM 13
5.3 Chinese imports of tin ore in October up by 29.14% MOM 17
6 Related industry developments 21
6.1 Fixed-asset investment in electronic information industry growth still slow 21
6.2 Tin scrap market slack 21
7 Company news 21
7.1 PT Timah to build tin smelter in Burma 21
7.2 Kaiyuan Mining 30,000tpy tin project to come on stream in June 2015 21
7.3 China Tin November tin production tumbles 22
8 Outlook for December 22



.Asian Metal Copyright2 Chinese imports of refined tin and tin alloys in October up by 10Asian Metal Copyright