Tin market report May 2012
2012-07-12 15:25:42 【Print】
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Contents
Tin market report May 2012 4
Introduction 4
1 Financial overview 4
1.1 Chinese CPI falls back slightly in April 4
1.2 Chinese PMI falls back in May 5
1.3 Chinese banks reduce loan increment, economic growth slows down 6
2 International financial overview 6
2.1 Global crude oil price falls back largely in May 6
2.2 Gold price declines as banks financial situation deteriorate in Spain 7
2.3 US dollar index increases largely due to risk aversion 8
2.4 Tin futures on the LME retreated 9
3 Chinese domestic market review 11
3.1 Tin price keeps dropping, and trading was inactive 11
3.2 tin concentrate price drops and suppliers reluctant to sell 11
4 Output data analysis 12
4.1 Global tin market shows balance between supply and demand in the first 3 months of 2012 12
4.2 Chinese tin output in April down by 17% MOM 13
4.3 Many smelters continued to reduce production in May 13
4.5 Chinese tin concentrate output down by 17.8% MOM 14
5 Analysis of import & export data 14
5.1 Chinese imports of tin ingot down by 33% MOM in April 14
5.2 Chinese imports of tin concentrate in March down by 9% MOM 17
6. Company news 19
6.1 GUANGXI PGMA tin production down by about 1/3 MOM 19
6.2 Linwu Xianggui Kuangye halts tin production for a month 19
6.3 Guangsheng tin output in May down 1/3 MOM 19
7 The trend forecast next month 20
Chart contents
Chart 1 CPI and PPI of China in 2011-2012 5
Chart 2 Chinese PMI in 2011-2012 6
Chart 3 The price of international crude oil in May 7
Chart 4 The price of gold in May 8
Chart 5 US dollar index in May 9
Chart 6 The price of 3-month tin on the LME 10
Chart 7 The price of 3-month tin stocks on the LME 10
Chart 8 Chinese tin prices 11
Chart 9 The price of tin concentrate price in China 12
Chart 10 The tin output in China 13
Chart 11 Chinese tin import 15
Chart 12 Chinese tin import from countries 15
Chart 13 Chinese tin concentrate imports 18
Chart 14 Chinese tin concentrate imports from countries 18
Table 1 Chinese tin import data 15
Table 2 Chinese tin concentrate imports data 18
