China narrowly remained a net importer of tin in December, according to official customs statistics reported by Reuters today. December exports of refined tin and alloys amounted to 1,351 tonnes, while imports were 1,389 tonnes.
Compared to December 2006 volumes, exports were down 52% while imports were up 28%. China has been a net importer of tin metal since last September, as a result of strong domestic demand and prices. Exports will be further discouraged in 2008 by the new 10% export tax which came into force on 1 January.
China also imported 831 tonnes (gross weight) of tin concentrates from Bolivia, Myanmar and Vietnam in December, up 48% on the previous year.
