Monthly Tin Market Report Mar 2020
2020-04-14 16:32:49 【Print】
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Contents
1 Market Highlights 4
2 Economy and Policy 4
2.1 China to issue new tax reduction policies to help enterprises resume production 4
2.2 China to issue two environmental measures to support enterprises to commence reoperation 4
2.3 Ministry of Commerce: China's import and export show signal of recovery and growth 4
2.4 STA releases new COVID-19 tax preferential policy guidelines 4
2.5 Jiangsu sees 99% of enterprises above designated size resume production 4
2.6 NBS: Ten non-ferrous metals' output totals 9.35 million tons in Jan-Feb 5
2.7 China raises export rebate rate for more than one thousand products 5
2.8 NDRC: Collection of production resumption deposits strictly prohibited 5
3 Market Movements 5
3.1 Chinese market 5
3.1.1 Tin ingot hits record low of 2020 in Chinese market 5
3.1.2 TCs for tin concentrate move down 5
3.1.3 End demand tin solder declines 6
3.2 International market 7
3.2.1 Indonesia's refined tin export volume up by 34% YOY in Feb 7
3.2.2 Tanzania to issue origin licenses for exported mineral products 7
3.2.3 Brazil Central Bank cuts benchmark interest rate to 3.75% 7
3.2.4 Philippines' central bank reduces interest rates by 50 basis point 8
3.3.5 Fed lowers interest rate to zero 8
3.2.6 Fed sets up U.S. dollar swap lines with nine additional foreign central banks 8
3.2.7 LME tin price slumps 8
4. Company News 8
4.1 Ma'anshan Pengfei Metal resumes tin solder production 8
4.2 Dongguan Yi Hui Industry resumes tin ingot production 9
4.3 China Tin Group resumes tin ingot production 9
4.4 Hongsheng Tin Solder runs at an operating rate of 50% 9
4.5 Gejiu Jinye Renewable Technology resumes crude tin production 9
4.6 Ganzhou Zhenghao Tin resumes tin ingot production 9
4.7 Huichang Xiaoshan Tin resumes tin ingot smelting 9
4.8 Yunxiang Mining and Metallurgy resumes tin ingot production 10
4.9 Fine Chemicals Group resumes production of tin chemicals 10
4.10 Yunfan Nonferrous Metals resumes tin ingot production 10
4.11 Baotai Tin cuts tin solder production 10
4.12 Huaxin Metal Material conducts tin chemicals technological upgrading 10
4.13 PT Timah cuts output, delays exports on coronavirus 11
4.14 MSC halts tin ingot production 11
4.15 Yongli Tin Solder Tin Industry puts off resuming tin solder production 11
4.16 Shangshui Zhongye Nonferrous Metals delay resuming tin solder production 11
4.17 Mengzi Ruiyuan Mining terminates tin concentrate production 11
4.18 Huichang Jinshunda Tin continues acting as tin ingot OEM in 2020 12
4.19 Wangfa Tin resumes tin ingot production 12
4.20 Shenyang Huachang Antimony plans to suspend operation of Russian tin mine 12
4.21 Jiulong Mining to resume tin concentrate production 12
4.22 Chenzhou Hengrui Mining resumes tin concentrate production 12
4.23 Langfeng Electronic Materials postpones putting new tin solder plant into operation 13
4.24 Gaogong Metal Technology restarts tin powder production 13
4.25 Jiangxi Longfu Mining plans to suspend tin concentrate production 13
4.26 Ma'anshan Pengfei Metal cuts tin alloy production 13
5 Producers Statistics 13
5.1 Chinese tin ingot producers' output up by 54.8% MOM in Mar 13
5.2 Chinese tin ingot producers' inventory up by 10.15% MOM in late Mar 14
5.3 Chinese tin ingot producers' sales up by 91.5% MOM in Mar 14
6 Relevant Industry News 15
6.1 China's manufacturing PMI records 52.0% in Mar 15
7 Market Outlook for Next Month 15
7.1 Tin ingot market 15
7.2 Tin concentrate market 15
7.3 Tin solder market 15
1 Market Highlights 4
2 Economy and Policy 4
2.1 China to issue new tax reduction policies to help enterprises resume production 4
2.2 China to issue two environmental measures to support enterprises to commence reoperation 4
2.3 Ministry of Commerce: China's import and export show signal of recovery and growth 4
2.4 STA releases new COVID-19 tax preferential policy guidelines 4
2.5 Jiangsu sees 99% of enterprises above designated size resume production 4
2.6 NBS: Ten non-ferrous metals' output totals 9.35 million tons in Jan-Feb 5
2.7 China raises export rebate rate for more than one thousand products 5
2.8 NDRC: Collection of production resumption deposits strictly prohibited 5
3 Market Movements 5
3.1 Chinese market 5
3.1.1 Tin ingot hits record low of 2020 in Chinese market 5
3.1.2 TCs for tin concentrate move down 5
3.1.3 End demand tin solder declines 6
3.2 International market 7
3.2.1 Indonesia's refined tin export volume up by 34% YOY in Feb 7
3.2.2 Tanzania to issue origin licenses for exported mineral products 7
3.2.3 Brazil Central Bank cuts benchmark interest rate to 3.75% 7
3.2.4 Philippines' central bank reduces interest rates by 50 basis point 8
3.3.5 Fed lowers interest rate to zero 8
3.2.6 Fed sets up U.S. dollar swap lines with nine additional foreign central banks 8
3.2.7 LME tin price slumps 8
4. Company News 8
4.1 Ma'anshan Pengfei Metal resumes tin solder production 8
4.2 Dongguan Yi Hui Industry resumes tin ingot production 9
4.3 China Tin Group resumes tin ingot production 9
4.4 Hongsheng Tin Solder runs at an operating rate of 50% 9
4.5 Gejiu Jinye Renewable Technology resumes crude tin production 9
4.6 Ganzhou Zhenghao Tin resumes tin ingot production 9
4.7 Huichang Xiaoshan Tin resumes tin ingot smelting 9
4.8 Yunxiang Mining and Metallurgy resumes tin ingot production 10
4.9 Fine Chemicals Group resumes production of tin chemicals 10
4.10 Yunfan Nonferrous Metals resumes tin ingot production 10
4.11 Baotai Tin cuts tin solder production 10
4.12 Huaxin Metal Material conducts tin chemicals technological upgrading 10
4.13 PT Timah cuts output, delays exports on coronavirus 11
4.14 MSC halts tin ingot production 11
4.15 Yongli Tin Solder Tin Industry puts off resuming tin solder production 11
4.16 Shangshui Zhongye Nonferrous Metals delay resuming tin solder production 11
4.17 Mengzi Ruiyuan Mining terminates tin concentrate production 11
4.18 Huichang Jinshunda Tin continues acting as tin ingot OEM in 2020 12
4.19 Wangfa Tin resumes tin ingot production 12
4.20 Shenyang Huachang Antimony plans to suspend operation of Russian tin mine 12
4.21 Jiulong Mining to resume tin concentrate production 12
4.22 Chenzhou Hengrui Mining resumes tin concentrate production 12
4.23 Langfeng Electronic Materials postpones putting new tin solder plant into operation 13
4.24 Gaogong Metal Technology restarts tin powder production 13
4.25 Jiangxi Longfu Mining plans to suspend tin concentrate production 13
4.26 Ma'anshan Pengfei Metal cuts tin alloy production 13
5 Producers Statistics 13
5.1 Chinese tin ingot producers' output up by 54.8% MOM in Mar 13
5.2 Chinese tin ingot producers' inventory up by 10.15% MOM in late Mar 14
5.3 Chinese tin ingot producers' sales up by 91.5% MOM in Mar 14
6 Relevant Industry News 15
6.1 China's manufacturing PMI records 52.0% in Mar 15
7 Market Outlook for Next Month 15
7.1 Tin ingot market 15
7.2 Tin concentrate market 15
7.3 Tin solder market 15
