China's tin consumption and output in 2013 are expected to rebound

Date:2012年12月19日 14:03

  According to Bloomberg News on December 18, the International Association of Tin Research (ITRI) said that China's consumption of tin in 2013 and production will rebound after the economic slowdown led to a decline in demand for tin, refineries do not want to produce . China is the world's largest tin consumer.

  Cui Lin, chief representative of ITRI China last week in Beijing, said China is expected to increase consumption of tin in 2013 4% to 152,000 tons, tin consumption this year expected to decline 5%. China's tin consumption in 2011 hit a record high of 154,000 tons, tin production next year will reach a record high in 2011, consistent with 16 million tons, tin production this year fell to 152,000 tons.

  ITRI ​​analyst St. Albans in England, said tin prices have jumped 22% this year, cumulative, for the LME exchange of six metals rose the most. The increase in demand in China and the major exporting country, Indonesia, limited exports to boost tin prices, in addition to the decline in Chinese inventories also pushed up the tin price. China's tin consumption accounts for about 43% of the world, mainly for the production of tin cans and electronic products.

  "It is expected that tin will perform better next year," said Wu Xiaofeng, an analyst at SMM Information & Technology Co. "China's demand improvement will play an important role in supporting the tin price," said Wu Xiaofeng, an analyst at SMM Information & Technology Co. in Shanghai.

  LME three-month tin climbed 0.2% to $ 23,349 a tonne, the highest level in eight months. Tin consumption forecast this year is lower than the ITRI and the British CRU International Corporation in August estimated 147,900 tons

  ** Consumer Outlook **

  Cui Lin cited the results of its survey, said tin chemicals is the only increase in demand for tin products this year, due to reduced demand for welding and tin, resulting in China's tin consumption recorded since 2008, the largest annual decline. China's third-quarter GDP rose 7.4%, the slowest pace since the first quarter of 2009.

  Cui Lin said that tin chemicals have a strong upside potential, tin consumption increased, due to China's concern about domestic consumption.

  "The slowdown in the electronics industry and the miniaturization of the electronics industry will limit demand for tin in the industry," she said, adding that "demand for tin in the welding industry has slowed to 4% -5%, down from 10%."

  ITRI ​​said that solder tin used in China accounted for about 65% of total consumption in 2011, while the tin chemicals and tin plating, respectively, 15% and 10%.

  In this case,

  ** Increase in inventory **

  ITRI ​​statistics show that the decline in demand led to an increase of 17,000 tons of tin inventories in China for at least a decade the highest level. Imports of unprocessed tin increased 65% to 26,273 tonnes from a year earlier, according to Chinese customs data, with imports from Indonesia accounting for 49%.

  "A large number of arbitrage opportunities will increase imports." "Demand will rebound next year and Indonesia's supply will be limited, so we expect domestic stocks to fall," Cindy said, adding that the carry trader is selling in London, , In order to gain.

  Indonesia has started to restrict some ore exports since May, but does not impose a ban on miners holding mining licenses that plan to build processing plants. According to the provisions of the Indonesian government, these miners ore cargo increased by 20% of the export tax.

TypeInfo: Industry News

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