SHANGHAI, Apr. 16 (SMM) – The major reports for tin market last week are as follows:
Indonesia Refined Tin Exports Hit 5 Month High in March
An Indonesian official released last week the country’s refined tin exports increased 11.3% MoM in March to a high last seen in October 2012, as sellers moved goods actively when prices rose.
The world’s largest refined tin exporter exported 9,295.70 mt of refined tin in March, compared with February’s 8,354.49 mt.
Tin Market Little Affected by Environmental Protection Inspections in Jiangxi
The environmental protection inspections recently conducted in Jiangxi cut output at some local tin smelters, but failed to give a boost to tin prices.
SMM understands that production at some tin smelters in Jiangxi was negatively affected by the inspections, but smelters contacted by SMM said it is the anemic demand and high raw material prices that worries them most.
It was rumored earlier that a well-known smelter in Jiangxi had halted production due to environmental protection, but the smelter recently denied it, stating that it was only cutting production.