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Market Analysis News

MSC profits rise sharply in 2016

Post By: Tom Mulqueen on Friday, 26 May 2017

Malaysia Smelting Corporation (MSC) has revealed a 1,400% year-on-year increase in profit before tax to RM49.5 million (~US$11.6 million) in 2016, largely as a result of improved tin prices compared to 2015. The group's revenue was broadly stable at RM1.5 billion in 2016 as refined tin production fell by 11.3% to 26,802 tonnes.

At MSC's Rahman Hydraulic open-pit tin mine, all processing units operated throughout 2016 at near full capacity to produce 2,228 tonnes of tin-in-concentrate. Management is...

Korea stockpile makes first purchase of 2017

Post By: Tom Mulqueen on Wednesday, 24 May 2017

South Korea's Public Procurement Service (PPS) bought 200 tonnes of 99.9% Indonesian tin from Daewoo at its latest tender on 23 May, including 100 tonnes at 400ppm lead at a US$480 cif premium to the LME price and 100 tonnes of 100ppm low-lead tin at a premium of US$580. 

The purchases represent the first two tenders held by PPS in 2017. PPS is a state organisation providing a purchasing and stockpiling service for small and medium-sized enterprises in Korea, The organisation...

Pitinga producing at full capacity in Q1

Post By: Tom Mulqueen on Friday, 19 May 2017

Minsur's 2017 first quarter consolidated results, released last week, reveal that tin-in-concentrate production by its Brazilian subsidiary, Taboca, rose by 18% to 1,767 tonnes compared to the first quarter of last year, while Taboca's output of refined tin rose 59% to 1,422 tonnes over the same period.

Four reasons have been provided by Minsur for the increased output of refined tin. The first is the 30% year-on-year Q1 increase in ore volume treated at Pitinga to 1.76 Mt,...

ITRI Tin Industry Review 2017 report now available

Post By: Tom Mulqueen on Monday, 08 May 2017

ITRI has published its latest authoritative report on the global tin market, titled the "ITRI Tin Industry Review 2017 – Navigating Global Uncertainty". This is the fifth edition of a series of major studies on the tin industry outlook published by ITRI since 2008. More information on the contents of the report and how to get hold of it are available here.

More than a decade on, the global economy remains trapped in the shadow of the 2008 global...

Renison expansions progress as Q1 output remains flat.

Post By: Tom Mulqueen on Monday, 08 May 2017

In its latest quarterly report, Metals X reported Q1 tin-in-concentrate production from the Renison Mine in Tasmania remained broadly flat at 1,783 tonnes, up just 1% from the previous quarter. While production is currently steady, progress was reported on both the ore sorting and tailing reprocessing projects during the quarter.

Mined ore grades remain stable at 1.28%, while tin recoveries continue to improve, rising to 75.7% in Q1 from 72.3% in Q4. All-in Costs rose by 2.7% to A$18,992...

Indonesian tin exports rise slightly in April

Post By: Tom Mulqueen on Friday, 05 May 2017

Indonesian tin exports in April amounted to 6,378 tonnes, 3.8% high than in the previous month but down -7.7% according to preliminary figures released by the trade ministry today.

The latest figures are based on pre-shipment checks made by surveying companies and include 182 tonnes of tin in solder and others forms, refined metal ingots represent 97% of the figure. The 6,196 tonnes of refined tin exports included in the total is broadly consistent with the April trading...

Peru tin output falls due to maintenance

Post By: Tom Mulqueen on Friday, 05 May 2017

Minsur has released its Individual Q1 results for its Peruvian operations which reveal that refined tin production fell 18% year-on-year to 3,580 tonnes during the first quarter as a result of scheduled maintenance at the Pisco tin smelter in January.

The maintenance at the smelter took place over a 23 day period and also resulted in a 25% increase in production cash costs to $10,284 due to lower production levels. Production at the San Rafael mine also registered...

Myanmar ore exports continue year-on-year decline

Post By: Tom Mulqueen on Thursday, 27 April 2017

Latest official China customs statistics reveal that March imports of tin ore and concentrate from Myanmar totalled 20,058 tonnes (gross weight), up 132% from February, but down 58% year-on-year.

There has been an obvious decline in shipments from Myanmar in the first quarter of 2017, with total ore volumes down 53% on the same period of 2016 to 60,059 tonnes. However, this year the average tin content of the ore and concentrates is higher because of technological improvements at...

Hedging benefits highlighted at ITRI China seminar

Post By: Tom Mulqueen on Tuesday, 25 April 2017

The ITRI 2017 tin market and futures hedging seminar was held in Shenzhen on April 20 and was strongly assisted and supported by Shanghai Futures Exchange (SHFE). Approximately 70 members from ITRI China's Associate Membership and the ITRI-IPC China Solder Technology Group (CSTG) attended the meeting. The seminar covered the outlook for the tin market in 2017 as well as discussion on China's tin futures market operation and development outlook, risk management of non-ferrous metals company through utilisation of...

Mixed results for Brazil tin output in 2016

Post By: Tom Mulqueen on Tuesday, 25 April 2017

Provisional data from the Brazilian tin association, Sindicato Nacional da Indústria da Extração do Estanho (SNIEE), reveals a 9.5% increase in tin mine output to 12,606 tonnes in 2016 compared to 2015, although refined tin production fell 1.6% to 11,663 tonnes over the same period.

Minsur's Brazilian subsidiary, Taboca, remains the top producer of both tin ore and metal, with mine production of 6,864 tonnes and refined tin output of 5,873 tonnes, both accounting for just over 50% of...

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