Since 2016 tin price shocks in the upward trend, the current increase of 35.4%. Tin supply side contraction, the upper reaches of the world's major tin production decline in production, downstream demand is stable, LME stocks at historically low, we believe that tin prices will continue to shock upstream.
In the first eight months of 2016, tin production in China declined 10.3% YoY. In response to the call of the state, a number of backbone tin company joint commitment to reduce fine tin production. Ministry of Industry and published January 4, "Tin industry standard conditions" on the tin mining, and so clearly defined restrictions. For tin mining to enhance the environmental requirements, strict control of mining links, mining or reduce the amount of mining, waste recycling to eliminate this part.
