Tin Prices Retrace as China (Maybe) Removes its Export Duty

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Tin prices recently experienced selling pressure on speculation that China removed it’s 10% export duty on refined tin exports.

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No official announcement has been made yet and the export duty wasn’t referenced in the country’s recently released 2017 Exports Commodities Tax Rates Table, leading many experts to conclude that the duty has been scrapped altogether

3-Month LME Tin Price. Source: MetalMiner analysis of fastmarkets.com data.

China started to impose the 10% export duty on refined tin in 2008. It has since changed China from a net exporter to a net importer, also helped by the increasing demand for refined tin within China.

 

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