Ministry of Commerce Foreign Trade Division: 2010 China Sn market operation report
One, the characteristics of the industry operation
First, the price creates a new high
The price of tin in the international market rose sharply in 2010. In the first half of the year, the trend of tin prices in the international market was relatively stable, mainly fluctuating between $15000-19000 per ton. After the second half of the year, the price of tin rose sharply and reached a record high. The main cause of the rising tin price in the international market in 2010 is the gradual recovery of the global economy and a substantial increase in consumption, while the decrease in global tin production has resulted in a large gap in supply. In 2010, in the major tin producing countries, the production of fine tin in China only increased by more than 10%, and the output of other countries was flat or reduced in 2009, especially in Indonesia, the output fell by about 14%.
The London Metal Exchange tin spot and three-month futures prices in 2010 averaged $20,408 a tonne and $20,442 a tonne, respectively, up 50.4% and 52.8% year-on-year. In 2010, the price of tin was the largest among the basic metals on the London Metal Exchange.
The trend of tin price in the domestic spot market is largely following the fluctuation of the international market. However, the tin price in the international market in the second half of the year has gone up greatly, and the tin price in the domestic market is lagging behind the large amount of social stock, which is far below the international level. In the first half of the year, the oscillation range of tin prices in the domestic market was 133-146,000 yuan / ton; in the third quarter, the oscillation range of tin prices was 145-150,000 yuan / ton, and in the fourth quarter, it was 157-163,000 yuan / ton. In 2010, the average price of tin in the domestic market was 146 thousand yuan / ton, up 34.3% over the same period last year.
(two) the growth of tin production in China
According to the statistics of the China Non-Ferrous Metal Industry Association, the production of tin concentrate in China was 83636 tons (metal) in 2010, an increase of 15.4%, 149 thousand tons of fine tin and 11.1% year-on-year growth. Compared with other major tin producing countries in the world, China's production was relatively good.
In the fourth quarter of 2010, due to equipment overhaul, Yunnan tin industry and Yunnan wind metal company were all stopped for about 1 months, and some other enterprises were affected by local energy saving and emission reduction policies. During this period, although the domestic and foreign market tin price is rising, the output of small and medium-sized enterprises is increasing, but the increase of output is still insufficient to make up the reduction part of the main enterprises, and the supply of tin in the domestic market is beginning to show tension gradually.
(three) imports of UN forged tin decreased year by year, and imports of concentrate increased.
According to customs statistics, in 2010, the export volume of China's non forged tin was 713 tons, an increase of 4.2% over the same period last year. Since the 10% tariff imposed on the export of non forged tin in 2008, the decline in the export of non forging tin in China has been significantly reduced, and the export volume for three consecutive years has been maintained at 600-700 tons, and the gap is obvious compared with the export scale of tens of thousands of tons before 2007.
In 2010, China imported a total of 15979 tons of UN wrought tin, down 23% from the same period last year. The decline in imports was mainly due to the high and low price of tin at home and abroad, and the larger profit margins of imports, which led to a sharp increase in imports. In 2010, domestic and international market tin price ratio returned to normal track, import was not profitable, import volume declined accordingly. But in 2010, China was still a net importer of refined tin, with a net import of 15266 tons of refined tin throughout the year.
In 2010, China imported tin ore and its concentrate 19840 tons (physical volume), an increase of 94.4% over the same period last year. Although the proportion of imported tin concentrate in refined tin smelting materials is relatively small after being converted into metal quantities, it is expected to show an increasing trend.
In 2010, China imported 13147 tons of tin alloy, tin material and other tin products, 1.7% of the same period, 8395 tons of tin alloy, tin and other tin products exported by 82.5%.
(four) the steady recovery of consumption
In 2010, the consumption of tin in China was about 147 thousand tons, an increase of 11.1% over the same period last year. The demand for various solder products has increased significantly in the domestic electronics industry. According to the statistics of the Ministry of industry and information technology, the export of electronic information products in China was 534 billion 800 million US dollars in 1-11 months, up 31.5%, accounting for 37.6% of the national export volume of the current period, and the export of electronic information products entered the stage of steady development gradually, thus ensuring the stability and growth of tin consumption in China.
In 2010, the production and sales of tin plate in China were steady, and the production and sales were more stable; the export of tin plate increased greatly, and the total export tin plate in China was 673 thousand tons in that year, and increased by 64% over the same period.
The tin consumption of tin chemical industry also increased in 2010, especially for the consumption of organotin products used as PVC heat stabilizer.
Two, the main problems of existence
Although there is not much export of forged tin in China, there are still a large number of tin ingots exported to other tin products after simple processing. In fact, this is still a low value-added raw material product export. The reason for this phenomenon is that China has imposed a 10% tariff on the export of tin ingots, while disguised exports can avoid tariff collection.