YUNNAN TIN SAYS EXPORTS WILL KEEP FALLING THIS YEAR

摘要

Yunnan Tin Co (YTC), the listed subsidiary of China's largest tin producer Yunnan Tin Corp, said it expects its tin exports to continue falling this year thanks to a stengthening yuan, the cancellation of export tax rebates and the company's growing downstream focus. "The yuan is expected to continue increasing. Its appreciation has been a huge blow for us," said a senior YTC official, adding that the cancellation of the export tax rebate for tin and the company's growing focus on the downstream tin industry were also factors behind declining exports.