Beijing, China -- (SBWire) -- 03/25/2011 -- Fueled by the tin demand in Chinese solder market, global tin market has rapidly recovered. In 2010, the global tin consumption would arrive at 360 kilotons, up 11.8%YoY against 2009. Wherein, Chinese tin consumption accounted for approximately 44% of global total, up 11% from 2009. China’s tin output also maintained stable growth in 2010 and reached 153 kilotons, up 8.5%YoY from a year ago.
The growing demand of both domestic and overseas tin markets has brought along the ever rising prices of tin ore and refined tin. In mid December 2010, the price of tin concentrate (purity: 60%) in China hit RMB149,450/ton, a growth margin of 53.3% against that in early 2010; and that of 1# tin rested on RMB168,645.8/ton in January 2011, up 26.8% from the same period of 2010. Correspondingly, the price growth margin of upstream tin ore was evidently higher than that of downstream refined tin, which exerted unfavorable influence on the benefits of domestic tin smelting industry which featured relatively low self-sufficiency rate of tin ore.
Considering the benefits between domestic tin ore mining & dressing industry and tin smelting industry in 2010, the upstream tin ore mining & dressing industry has higher profitability than the downstream tin smelting industry. Up till November 2010, the gross margin of Chinese tin ore mining & dressing industry reached 37.8%, while that of tin smelting industry was merely 13.3%. The hiking price as a result of supply shortage of tin ore added cost pressure to the downstream tin smelting industry.
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China Tin Industry Statistics, 2010--Published by Researchinchina
ResearchInChina, the vertical portal for Chinese business intelligence, announces the release of a new report - China Tin Industry Statistics, 2010