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Chinese exports respond to price rises

机译:中国出口应对价格上涨

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A bullish factor on the supply side of the tin market this year has been the heavy decline in Chinese exports which has helped to offset the oversupply from SE Asia.However, latest trade data suggest that Chinese exports of refined tin and alloys have now risen for four consecutive months reaching 4,486 tonnes in June, their highest monthly level of the year. This trend is due to higher LME prices, where monthly averages have also shown consecutive increases since February. Nevertheless, at 19,326 tonnes, exports for the January-June period are still 45 percent down on those of the same period last year.
机译:今年锡市场供应方面的看涨因素是中国出口的大幅下降,这抵消了东南亚的供应过剩,但是最新的贸易数据显示,中国精炼锡和合金的出口现在已经上升。六月连续四个月达到4,486吨,是一年中的最高水平。这种趋势是由于LME价格上涨,自2月份以来月平均价格也显示出连续上涨。尽管如此,1月至6月的出口量为19,326吨,仍然比去年同期下降了45%。

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