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Date:2015-05-04 10:56:02

Most Chinese tin refinery regeneration rate cut since April was a shortage of raw materials

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    According to the latest official customs data showed China's tin concentrate imports in March has dropped to 16,490 tonnes (total weight), of which nearly 99 percent were from Burma concentrate. Nearly four months of imports has monthly decline since last November from a record level of 28,875 tonnes appears. Although now in the dry season in northern Myanmar, and mining operations amount had risen to a peak, but because tin price fell sharply after the Spring Festival Chinese buyers production and procurement volume shrink.

 

     Chinese imports of refined tin decreased to 232 tons in March, called the lowest point in the past 12 months. Total imports of refined tin the first three months of 2015 fell 26 percent to 1,358 tons, called the lowest total since 2008 quarter. Indonesian cargo last quarter fell 18% to 461 tons. Since Indonesia last November to implement the new export regulations, Indonesia has cut crude tin exports, China's imports of such crude tin for re-refining business. Chinese premium in months is not enough to encourage transactions.

 

    According to the National Bureau of Statistics show that China's first quarter production was 39,300 tonnes of refined tin - This is the highest since the first quarter of 1997, total production. We believe that data as usual, there are still parts of double counting. Given the third largest producer - China Tin Group has planned since April 16 Ausmelt furnace shut down for up to a month, then China April output should decline. Because there is a huge risk of falling tin prices, most smelters were reportedly planned since the beginning of April to cut production. In addition, part of the regeneration of the smelter scrap supply shortage due to problems also facing difficulties.