CSD consolidated tin mines limited

Wow, this tin market is only getting better!!! * China's tin...

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    Wow, this tin market is only getting better!!!

    * China's tin imports climb by nearly a fifth in 2015

    * Coming Up: FOMC statement at 1900 GMT

    (Adds comment, detail, updates prices)
    By Melanie Burton
    MELBOURNE, Jan 27 (Reuters) - London copper edged up on
    Wednesday ahead of an outcome of a Federal Reserve policy
    meeting later in the day, with prices supported from
    better-than-expected Chinese imports.
    The Federal Reserve is expected to leave interest rates
    unchanged on Wednesday and acknowledge that turmoil in financial
    markets threatens its upbeat view of the U.S. economy, leaving
    the chances of a March hike, diminished but alive.
    China imported a record volume of copper in 2015, trade data
    showed on Tuesday, which pushed prices to the highest in more
    than two weeks.
    Manufacturers of copper products had been stocking up as
    prices slumped to their lowest in more than six years, said Matt
    Fusarelli of AME Group in Sydney.
    Fusarelli added that he did not expect higher imports to
    stretch into 2016.
    "Our Chinese demand forecast for this year is flat. That's
    going to be through reduced imports, particularly into the
    second half of the year as prices stabilize, and we have the new
    normal for copper prices going forward," he said.
    AME Group sees copper prices averaging just below $5000 a
    tonne this year.
    Three-month copper on the London Metal Exchange had
    climbed by 0.1 percent to $4,544.50 a tonne by 0704 GMT, after a
    2.7-percent gain from the previous session, when prices hit an
    intra-day high of $4,554.50 a tonne, the strongest since Jan. 8.
    Funds trading copper on the LME moved to a net-long position
    of 1,600 lots last Friday from a net short position of 3,079
    lots the previous week, the LME's Commitments of Traders Report
    showed on Tuesday.
    Shanghai Futures Exchange (ShFE) copper rallied 2.2
    percent to 35,780 yuan ($5,439) a tonne.
    Other metals were also well supported, with Shanghai zinc
    up 2.5 percent tracking the LME contract's near
    five-percent gains on Tuesday, following a jump in China's
    imports in December. ShFE tin rose 3.1 percent after
    Chinese imports surged by nearly a fifth across last year
 
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