Hong Kong, September 10, industry sources said, the Chinese welding manufacturers material at the end of the year to increase the procurement of refined tin, they build inventory, due to the expected economic stimulus measures, as well as product demand in 2013 is a sharp increase.
China is the world's largest manufacturer and consumer of refined tin supplier. The latest data show that the first seven months of this year, China's imports of refined tin and tin alloy 17,393 tons, compared with the same period last year soared 173%.
The source said most welding manufacturer stocks are low, due to the economic slowdown caused by reduced product demand this year.
British International Tin Research Institute (ITRI), China's refined tin consumption this year or a year-on-year decrease of 3.8%, but the fourth quarter, demand or increased.
"If the scheduled increase in demand, we will rush procurement," said the president of a metal products company in Hebei Province, China. The unnamed president, said: "China Price may be strong rise
Domestic market refined tin prices hit a high for the year in February fell by nearly one-fifth tonne on Monday about 149,250 yuan (23,500 U.S. dollars).
Traders said domestic prices exceed import refined tin at the end of the year, China's refined tin imports or increase.
British International Tin Research Institute (ITRI) expects refined tin production in China this year compared with 2011 fell 5%, to 152,000 tons, forcing smelters to cut production due to weak demand.
The latest official data showed, the first seven months of this year, China's refined tin production was 82,471 tons, a decrease of 4% compared to the same period in 2011.
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