Tin market report June 2012

Contents

Tin market report June 2012 4
Introduction 4
1. Financial overview 4
1.1 CPI reached bottom line for past 23 months in May 4
1.2 PMI fell back in June 5
1.4 Negative factors depressed non-ferrous metal market 6
2. International market review 7
2.1 Crude oil prices fell back with sharp fluctuations in June 7
2.3 USD index kept at a high level with consolidations 7
2.4 Tin futures on the LME extend to retreat in June 8
3 Chinese domestic market review 10
3.1 Tin price keeps dropping, and demand shrinking 10
3.2 slowing trading in tin concentrate market 10
4 Output data analysis 11
4.1 The global tin market excess supply of 500 tons in the first 4 months of 2012 11
4.2 Chinese tin output in May down by 12.5% MOM 11
4.3 Many smelters continued to reduce production in June 12
4.4 Chinese tin concentrate output down by 8% MOM 12
5 Analysis of import & export data 13
5.1 Chinese imports of tin ingot up by 97% YOY in May 13
5.2 Chinese imports of tin concentrate in May up by 16.8% MOM 17
6. Company news 19
6.1 Hongyuanfeng Metals Trading halts tin production 19
6.2 Malaysian smelting acquired tin ingot enterprise in Africa 20
7 The trend forecast next month 20

Chart Contents

Chart 1 CPI and PPI of China in 2011-2012 5
Chart 2 PMI in 2011-2012 6
Chart 3 Crude oil futures prices in US 7
Chart 4 USD index 8
Chart 5 The price of 3-month tin on the LME 9
Chart 6 The price of 3-month tin stocks on the LME 9
Chart 7 Chinese tin prices 10
Chart 8 The price of tin concentrate price in China 11
Chart 9 The tin output in China 12
Chart 10 Chinese tin import 13
Chart 11 Chinese tin import from countries 14
Chart 12 Chinese tin concentrate imports 18
Chart 13 Chinese tin concentrate imports from countries 18

Table 1 Chinese tin import data 14
Table 2 Chinese tin concentrate imports data 19

.Asian Metal Copyright1 Crude oil prices fell back with sharp fluctuations in June 7 2Asian Metal Copyright