China tin imports fall, exports rise in October

Itri.com reports that October saw Chinese tin imports fall sharply.

The story is quoted as saying:

China’s refined tin import fell sharply by 51% m-o-m to 662 tonnes in October according to latest data from China Customs. Cumulative imports of refined tin in January-October decreased to 14,230 tonnes, down by 22.6%. Meanwhile the export of refined tin from China increased to 360 tonnes in October from zero in September. However, China only exported 468 tonnes refined tin in the first ten months of the year, down by 31.4% y-o-y. It should be noted that actual tin metal exports are likely to be significantly higher than the official figures due to smuggling or classification as tin products. From other countries’ import data we estimate that the true volume of exports this year has been in the order of 400 – 500 tonnes a month.

To access the full story, click here.