Chinese refined tin imports increase eightfold amid Covid-19 lockdown

Imports of refined tin into China increased by more than 800% year on year during the country’s imposed Covid-19 lockdown over the January-February period, recent customs data from the country shows.

China’s domestic economy was brought to a standstill at the start of the year after the outbreak of the coronavirus restricted domestic trade, stymied production and crippled industrial activity.
Subsequently, the London Metal Exchange three-month tin price declined by more than 30% against broad-based risk aversion and production concerns.

As a result, the import arbitrage between the LME and Shanghai Futures...

Published

Hassan Butt

March 31, 2020

13:20 GMT

London