SHANGHAI, Aug. 25 (SMM) – According to China Customs, China imported 25,653 tonnes of tin ore in July, up 14.6% MoM but down 29.2% YoY. The figure totaled 165,600 tonnes in the first seven months, down 43.1% YoY.
Monsoon season in Myanmar only made small effect on transportation of tin ore due to lower-than-expected rain. Moreover, firm tin price in the second half of July, which rose to as high as 150,000 yuan per tonne, also sparked selling interest of cargo holders.
Spot Tin Falls as SHFE Tin Slumps with Trading Quiet, SMM Reports
Tin ore prices traded with tin prices this past week. As of Friday, tin ore (Sn content 40%) was 126,000-127,000 yuan per tonne (including tax) in Yunnan. Prices of goods (Sn content of 60%) were 130,000-131,000 yuan per tonne in Guangxi, and 130,500-131,000 yuan per tonne and 130,000-131,000 yuan per tonne in Hunan and Jiangxi, all included tax.
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