Monthly Tin Market Report Jan 2018

Contents
1. Market Highlights 5
2 Economy and Policy 5
2.1 China's GDP up by 6.9% in 2017 YOY 5
2.2 CNH appreciates 5
3 Market Movements 5
3.1 Chinese Market 5
3.1.1 Chinese tin ingot prices increase amid fluctuation 5
3.1.2 Chinese tin concentrate market sees more deals 6
3.2 International Market 6
3.2.1 Vinto's refined tin output down slightly 6
3.2.2 Indonesia's refined tin exports up significantly by 23% YOY in 2017 6
3.2.3 LME tin prices up 6
4 Company News 6
4.1 Kaiyuan Mining's tin ingot output declines in December 6
4.2 Rui Feng Environmental Protection plans to increase crude tin output after Spring Festival 7
4.3 Gejiu Nonferrous Metal's tin ingot output declines in December 2017 7
4.4 Yunnan Chengfeng's tin ingot output down in December 2017 7
4.5 Gejiu Yunxin Nonferrous Electrolytic begins to produce refined tin 7
4.6 Gejiu Kaimeng's tin ingot output down in December 2017 7
4.7 Xiangjin Nonferrous Metal's tin ingot output down in December 2017 7
4.8 Gaofeng Mining resumes normal tin concentrate production 7
4.9 Mianning Iron not expected to resume tin concentrate production before Chinese New Year 8
4.10 Fangyuan (De'an) Mining's production plan for 2018 unchanged from 2017 8
4.11 Jinshunda Tin's tin stocks back to normal level 8
4.12 Chaogui Tin halts tin ingot production 8
4.13 Gejiu Nonferrous Metal's tin ingot output expected to increase by around 400% MOM in January 8
4.14 Gejiu Jinye's tin ingot output in January to reach only 30% of regular level 8
4.15 Gejiu Yunxin Nonferrous Electrolytic not in full capacity for tin ingot production in January 2018 9
4.16 Longfu Mining halts tin concentrate production 9
4.17 Xiaoshan Tin's production lines break down 9
4.18 Jinshunda Tin suspends production for maintenance 9
4.19 Yunfan Nonferrous postpones putting refined tin into production to after Spring Festival 9
4.20 Wangfa Tin reduces tin ingot output by about 40% in January 9
4.21 Gejiu Kaimeng's tin ingot output up substantially in January 2018 9
4.22 Kaiyuan Mining's tin ingot output up by about 1.5 times in January 10
4.23 Huijin Non-ferrous to reduce tin ingot output in February 2018 10
5 Producers Statistics 10
5.1 Global tin market sees 9,100t of tin shortage from January to November 2017 10
5.2 AM Statistics: China's tin ingot output up by 15.15% MOM in 2018 10
5.4 Chinese producers' sales for tin ingot up by 24.02% MOM in January 11
6 Customs Statistics 11
6.1 Indonesia's refined tin exports down by 35% YOY in January 11
6.2 China's tin ore imports up by 48.5% MOM in Dec 2017 12
6.3 China's refined tin and tin alloy imports up by 95.16% MOM in December 2017 13
7 Relevant Industry News 14
7.1 Yunnan Tin Group expects to realize RMB650-730 million of net profit in 2017 14
7.2 The demand for tin plate weakly stable in 2017 14
8 Market Outlook for Next Month 14

Graph Contents

Graph 1 Chinese spot tin price trend from Dec 2017 to Jan 2018 (EXW; RMB/ton) 5
Graph 2 Price trend of Chinese tin concentrate 60%min from Dec 2017 to Jan 2018 (EXW; RMB/ metal ton) 6
Graph 3 Prices for three-month LME tin contracts from Dec 17 to Jan 2018 (USD/ton) 6
Graph 4 Stocks for three-month LME tin contracts from Dec 2017 to Jan 2018 (ton) 6
Graph 5 China's tin ingot output by month from Jan 2017 to Jan 2018 (unit: ton) 10
Graph 6 China's tin ingot output by region from Jan 2017 to Jan 2018 (ton) 10
Graph 7 Chinese tin ingot stocks from Jan 2017 to Jan 2018 by month (ton) 11
Graph 8 Chinese tin ingot stocks by region from Jan 2017 to Jan 2018 (ton) 11
Graph 9 China's tin ingot sales by month from Jan 2017 to Jan 2018 (unit: ton) 11
Graph 10 China's tin ingot sales by region from Jan 2017 to Jan 2018 (ton) 11
Graph 11 China's tin ore imports by month from Jan 2016 to Dec 2017 (t) 12
Graph 12 China's Burmese tin ore imports by month from Jan 2016 to Dec 2017 (t) 12
Graph 13 Monthly imports for refined tin and tin alloy in China from Jan 2016 to Dec 2017 (ton) 13
Graph 14 China's imports for refined tin and tin alloy by origin from Jan 2016 to Dec 2017 (ton) 13

Chart 1 The details of refined tin exports are as follows: 12
Chart 2 China's tin ore imports in December (ton): 12
Chart 3 Chinese importers of tin ore and tin concentrate 12
Chart 4 Data on imports and exports of refined tin and tin alloy in China in December 13
Chart 5 China's importers of refined tin and tin alloy in December 13


.Asian Metal Copyright14 Gejiu Jinye's tin ingot output in January to reach only 30% of regular level 8 4Asian Metal Copyright