1Q 2017.pdf

JANUARY - MARCH 2017
PP 7387/01/2017 (031914)
MALAYSIAN TIN PRODUCTS
QUARTERLY 2017

Letters to the Editor are welcomed. We
appreciate your feedback to further im-
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The Malaysian Tin Products Newsletter
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Manufacturers’ Association (MTPMA)
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Inside this issue:
President’s Note 4
Economic News 6
Electrical & Electronics Industry News 7
Members’ News 8
Data / Statistics 13
Association Members 18
A Publication of The Malaysian Tin Products Manufacturers’ Association
The Malaysian Tin Products Newsletter
January—March 2017
Management Committee
2016/2017
Pre sident
En. Mat Tena’ain Abu Bakar
(Alternate - En. Abdul Hamid Mokhtar)
RedRing Solder (M) Sdn Bhd
Vice President
Ms. Ellena Lee
Selayang Solder Sdn Bhd
Hon. Secretary
Mr. C.S. Lim
Selayang Metal Industries Sdn Bhd
Treasurer
Mr. Chen Tien Yue
Royal Selangor International Sdn Bhd
Committee Members
Mr. Jason Lee
Henkel (M) Sdn Bhd
Mr. Yuji Kozutsumi
Nihon Superior (M) Sdn Bhd
En. Ab. Patah Mohd.
Mr. Koji Tsubono
Senju (M) Sdn Bhd
Editorial Sub-Committee
2016/2017
En. Abdul Hamid Mokhtar
Ms. Ellena Lee
Mr. C.S. Lim
Mr. Chen Tien Yue
Mr. Yuji Kozutsumi
Mr. Jason Lee
Tn. Hj. Muhamad Nor Muhamad
The Malaysian Tin Products Newsletter is published quarterly by the Malaysian Tin Products Manufacturers’ Association
(MTPMA). The opinions and statements expressed in the Newsletter are not necessarily those of the MTPMA or the Editorial
Sub-Committee and neither endorsement nor confirmation are intended or implied.

January - March 2017 | The Malaysian Tin Products Newsletter
President’s Note
Dear Members,
A Happy New Year everyone. To our Chinese colleagues, a prosperous Chinese New
Year to you all.
Another year has begun with new challenges facing our way. So, let us hope that 2017,
the year of the Rooster, will be a much better one than the past year.
2016 has left us with much negative and pessimistic feelings of the global economy and
state of our industry. However, with experts believing that 2017 is expected to be more
positive, especially in the case of some of the major globe economies such as the U.S
and China, the world looks set to be on the way to economic recovery.
Bank Negara on 19 March 2017 announced that Malaysia’s GDP recorded a growth of
5.6 per cent for the first quarter of 2017. This is indeed a laudable achievement com-
pared to the 4.1 per cent registered during the same quarter last year. This positive
growth was contributed by higher spending from both the private and public sectors.
Private sector investments also increased arising from the implementation of several
mega infrastructure projects such as the Klang Valley Mass Rapid Transit 2, the Light
Rail Transit 3 and the Refinery and Petrochemical Integrated Development (RAPID).
The manufacturing sector continued to be the country’s best performer. Within this sector, the Electrical and Electronic
(E&E) sub-sector remained the country’s biggest export earner. E&E products exported last year amounted to some
RM287.7 billion, accounting for 44.6 per cent of the total earnings of the manufacturing sector. With investments worth
some RM9.2 billion in 2016, the E&E sub-sector will continue to be the main driver of Malaysia’s economy and the back-
bone to our local tin-based products manufacturing industry.
On the global tin industry front, there will soon be the introduction of a Code of Conduct. This Code is aimed at curbing ille-
gal mining and preventing environmental damage as well as addressing the issue of conflict minerals which have been af-
fecting the global tin supply chain. With the implementation of this Code, only known and verified tin will be produced for
use by the tin consumers.
As for the tin industry in China, the Chinese Government has recently scrapped its 10 per cent export duty on refined tin
metal that was introduced in 2008. This move will pave the way for a closer alignment between the London Metal Exchange
(LME) and China’s domestic tin prices and provide better opportunities for arbitraging.
On the local business front, two major recent events have impacted our local manufacturing sector. Firstly, exporters were
required by Bank Negara to retain up to 75 per cent of their export earnings in ringgit, whilst only 25 per cent could be kept
in other currencies. Such requirement have burdened exporters and affected the manufacturing sector as well as hurt local
investments. Manufacturers are requesting the Federal Government to reconsider this burdensome measure.
Secondly, the Government had announced late last year a new policy for the employment of foreign workers. Under this
new policy, employers would be responsible for paying the levy for their foreign workers employed, covered under the Em-
ployers Mandatory Commitment. Following complaints from industry players who are already burdened with additional costs
in the hiring of foreign workers, the implementation of this new policy was postponed.
In concluding this President’s Note, may I wish all Association members a productive and successful year ahead. Members
of the Management Committee and I look forward to serving you to the best of our ability, and likewise would encourage
you to continue giving us your full support going forward.
With warmest regards,
Mat Tena’ain Abu Bakar
President
4

With Best Compliments
SELAYANG METAL INDUSTRIES
SDN BHD
Our Contact Address;
Lot 17519A, Taman Selayang Baru Industrial Estate
Batu 81/2
, Jalan Ipoh
68100 Batu Caves
Selangor
Tel: 03-6138 6724
Fax: 03-6136 5355
Email: biz@selayang-metal.com

Economic News
Malaysia's GDP Seen Advancing 4.4%, Economy
Bottomed Out Last Year
The Malaysian economy is expected to grow by as
much as 4.4% this year, a slight improvement from
2016’s 4.2%, anchored by the ongoing implementation
of infrastructure projects in the country, said econo-
mists. Socio-Economic Research Centre executive
director Lee Heng Guie said Malaysia’s economic had
already “bottomed out” in 2016. “This year’s growth
outlook shows a cautiously positive trend of 4.3% for
this year,” he said in his presentation during Rehda
Institute’s economic and business outlook conference
2017 yesterday. The ongoing implementation of public
transportation-related infrastructure projects and con-
tinued investments in the manufacturing and services
sector will help promote private investments,” he said.
Affin Hwang Investment Bank Bhd chief economist
Alan Tan said he is projecting Malaysia’s 2017 real
gross domestic product (GDP) growth at 4.4%, slightly
below the midpoint of the official forecast of between
4% and 5%. “Downside risk lies in an unexpected
slowdown in the external environment. We expect fis-
cal deficit to narrow sharply from -3.1% of GDP in
2016 to -3% of GDP projected for 2017,” he said. The
Malaysian economy expanded 4.2% in 2016, and is
expected to expand between 4% and 5% this year.
Tan said that pressure from the weaker ringgit and
higher imported inflation would edge up inflation from
2.1% in 2016 to 2.7% this year. “Despite an increase,
it is still at manageable levels,” he said, adding that he
expects the central bank to maintain the benchmark
overnight policy rate (OPR) at 3% throughout 2017.
“Sharp improvement in yields of dollar-denominated
assets may risk some capital outflow from Asia back
to the US, as investors also expect a sharper appreci-
ation of the dollar against regional currencies.”
Despite the less-than-stellar outlook, Tan said Malay-
sia was still an attractive destination for foreign inves-
tors. “Malaysia has good infrastructure and good la-
bour market conditions. It has highly skilled workers
and will continue to attract foreign investments. How-
ever, competition around the region is rising and there
is a risk of Malaysia losing out, especially like labour
cost. We need to upgrade our labour skills and tech-
nology to remain attractive to investors.”
On the local property market, Lee said the sector was
expected to see some consolidation this year in light
of the challenging economic environment. “There is
still some overhang in certain segments and oversup-
ply in the commercial sector space,” he said, adding
that the local property sector will continue its flattish
trend since 2013. On the lending guidelines, Lee said
there must be no compromise on creditworthiness.
“Some may say Bank Negara’s lending guidelines are
too strict. This is good. We do not want a sector that is
over-heated. If debt level is too high and there is a
shock from unemployment, or a rise in interest rates,
those who are very stretched will have problems.”
(Source: The Star, 1 March 2017)
6

Electrical & Electronic
Industry News
Effect of Trade Pact on E&E 'Can't be Ascertained'
The effect of the collapse of the Trans Pacific Partner-
ship (TPP) on Malaysia's electrical and electronics
(E&E) sector cannot be ascertained immediately. The
Malaysian American Electronics Industry (MAEI), a
sub-committee of the American Malaysian Chamber of
Commerce, said a full analysis of the United States'
decision to pull out of the TPP could only be done
once there was visibility on US's trade policy with oth-
er countries.
"The TPP was meant to open up more markets for
Malaysia. The opportunity for it to expand its markets
for trade may be affected," MAEI chairman Datuk
Wong Siew Hai said. "However, we need to see what
the package is as far as US trade policies with other
countries go, like China, and try to understand where
they are coming from."
Malaysia was joined by 11 other countries -- Australia,
Brunei, New Zealand, Canada, Chile, Mexico, Japan,
Peru, Singapore, Vietnam and the US -- last February
in signing the TPP in New Zealand. MAEI, which was
formed in 1989, is made up of over 22 member com-
panies covering both semiconductor and non-
semiconductor industries.
These firms, which include global technology giants
like Agilent Technologies LDA Malaysia Sdn Bhd, Ad-
vanced Micro Devices Export Sdn Bhd, Celetica Ma-
laysia Malaysia Sdn Bhd, Dell Global Business Centre
Sdn Bhd, Intel Technology Sdn Bhd and Motorola So-
lutions Malaysia Sdn Bhd, have been doing business
in the country for over three decades.
Wong said what the US decided to do by way of trade
with countries such as China would impact Malaysia,
given the fact the country did a lot of trade with China.
"What the US is going to do with China and the rest of
the world will have implications on us. For instance,
we do not always ship finished products directly to the
US, but do it via China or other countries."
Besides highlighting the complex supply chain pro-
cess that E&E exporters go through, Wong expressed
concerns should the US government impose re-
strictions on the free international exchange of goods
and services. "If trade barriers or restrictions are
placed on us by way of taxes, for instance, the cost of
goods brought into the US will rise. For now, however,
let us wait and see what the US does with regard to
this latest announcement."
(Source: New Straits Times, 26 January 2017)
Bright Outlook for Semiconductor Industry
AmInvestment Bank (AB) Research has maintained its
“overweight” rating on the technology sector in Malay-
sia. The rating is premised upon several factors in-
cluding January sales for semiconductors which rec-
orded the largest year-on-year (y-o-y) growth since
November 2010. “According to Semiconductor Indus-
try Association, global sales of semiconductors contin-
ued to register solid a 14% y-o-y growth in January,
marking the largest annual increase in more than six
years since November 2010. However, January’s
global sales inched down seasonally by 1% month-on-
month (m-o-m) to US$31bil,” it said.
The report noted that semiconductor sales increased
across all regions on a y-o-y basis, with the largest
growth in China, which rose 21%, followed by the
Americas (13%), Japan (12%), Asia-Pacific/others
(11%) and Europe (5%). On a m-o-m basis, only Eu-
rope posted an uptick in semiconductor sales with a
1% rise, while China remained flat, both Japan and
Asia-Pacific/others declined by 2% and the Americas
fell by 3%.
Meanwhile, AB Research said trade could see a boost
after the World Trade Organisation announced that
the long-advocated Trade Facilitation Agreement
(TFA) has come into force to boost global trade by 3%
a year. “We believe this will benefit the Malaysian
semiconductor players as Malaysia is among the
members that have ratified TFA,” AB Research said.
Among the stocks under its coverage, AB Research
said latest developments and growth expectations for
the sector would be positive for Inari Amertron Bhd
and Malaysian Pacific Industries (MPI) Bhd.
Both stocks have “buy” calls tagged to them, AB Re-
search said Inari (target price RM2.15) is a good proxy
to the rapid adoption of LTE-A and the growing de-
mand for high-speed data, which should keep it busy
until the next wave. For MPI (target price: RM10.31),
AB Research noted that the company was a diversi-
fied player due to its exposures in various industries.
“We like the company’s exposure in the automotive
and industrial segments which have higher projected
growth,” it said.
According to World Semiconductor Trade Statistics
(WSTS), the largest growth in 2017 is expected to
come from memory (expected growth of 13% y-o-y),
sensors (9% y-o-y) and analog (8% y-o-y). WSTS
forecast major product categories as well as all re-
gions to grow in 2017, barring any unforeseen eco-
nomic turmoil. The worldwide semiconductor market is
projected to register respectable y-o-y growth of 6.5%
7

in 2017 compared with the only 1.1% recorded in
2016.
'E&E Sector Key for Local Firms' Inclusion in
Global Supply Chain'
The National Export Council (NEC) has identified the
electrical and electronics (E&E) segment as the key
sector to promote the inclusion of Malaysian compa-
nies in the global supply chain. Malaysia External
Trade Development Corp (Matrade) said this was due
to its significance in developing new industries driven
by knowledge, high-technology and value-added fac-
tors. “The E&E multinational companies in Malaysia
have been identified as a catalyst to develop local
small and medium enterprises into high-value corpora-
tions,” said Matrade in a statement after the NEC
meeting chaired by Prime Minister Datuk Seri Najib
Razak, here, yesterday.
Matrade said the meeting found that by boosting the
performance of the E&E sector, more market leaders
from Malaysia would be developed, increasing the
participation of local companies in the global supply
chain, particularly in emerging segments. “Among the
segments are systems integration, cloud computing,
advanced energy storage, wireless electronics, elec-
tric vehicles, Internet of Things, augmented reality and
big data,” it said. Matrade said the E&E sector contrib-
uted 44.6 per cent to the country’s total manufacturing
exports last year. It also contributed 23.4 per cent to
the country’s gross domestic product last year and
created more than 780,000 jobs.
The NEC meeting also emphasised on the strategies
to promote the usage of local content in key local de-
velopment projects, said the national trade promotion
agency. “The government, through its agencies such
as Malaysian Investment Development Authority,
Construction Industry Development Board and Mat-
rade will facilitate the matching of local suppliers with
developers through industry collaboration pro-
grammes,” it said. The meeting also discussed strate-
gies to improve the services trade balance through
the tourism industry and ongoing initiatives to improve
agrofood trade balance, Matrade added.
(Source: New Straits Times, 28 March 2017)
Royal Selangor - Firm with 132 Years of History
Royal Selangor International Sdn Bhd has come a
long way since its inception some 132 years ago, as
one young pewtersmith Yong Koon started his busi-
ness in the colonial Malaya. Yong, who hailed from
Shantou, China, arrived in Kuala Lumpur in 1885 and
joined his two brothers to work as a tinsmith. Togeth-
er, they made ceremonial items for the ancestral altars
of the Chinese community. The proverbial saying of
“behind every successful man there is a woman”
proved to be precise in the young Yong’s case, as he
established his first pewter business, Malayan Pewter
Works, with the personal savings of his wife, Loh Pat.
Following the Japanese occupation, his sons started
the Selangor Pewter and began making sake sets for
the Japanese military.
In 1962, Selangor Pewter moved to a modern factory
in Setapak, run by about 70 staff. Coupled with perse-
verance and hard work, the company started to ex-
pand its operations and brand name. The rest is histo-
ry. The pewter business, which started as a humble
enterprise, received one of its highest recognitions in
1979 after the Sultan of Selangor conferred Selangor
Pewter the warrant of “Royal Pewterer”. Now, helmed
by the fourth generation, the Royal Selangor which
was previously known as Selangor Pewter, has
marked its presence globally. The family-owned entity
holds the foremost name in quality pewter and a brand
synonymous with design and craftsmanship.
Royal Selangor has standalone stores in top retail
capitals worldwide including London, Hong Kong, Sin-
gapore, Beijing, Melbourne and Sydney. Its products
are also carried by top department stores such as
Wako in Japan, Harrods in London, and Hudson Bay
in Toronto. Apart from its traditional pewter business,
Royal Selangor has also diversified into other seg-
ments through its sister companies. One of them,
Comyns, is famed for fine silverware as well as for its
interpretive works, particularly those of Paul de La-
merie, which is one of the leading silversmiths of 18th
century England. Another sister company, Selberan,
specialises in creating 18k gold and diamond jewellery
that follows the European approach to craftsmanship.
It was one of the first Malaysian companies to design
and make European-style jewellery.
Members’ News
8

Data / Statistics
MALAYSIAN TIN STATISTICS
(In Tonnes)
Production of Imports of
Period Tin-In- Tin-In- Refined Tin Local Exports of Tin
Concentrates Concentrates Production Consumption Metal
2011 3,343 30,031 40,281 2,341 42,302
2012 3,725 26,537 37,823 2,083 37,212
2013 3,697 30,273 32,633 1,872 36,363
2014 3,777 31,610 35,018 1,581 35,221
2015 4,125 31,965 30,260 1,900 38,319
2016* 4,123 25,612 26,849 2,238 26,982
2014
Jan 288 3,307 2,662 105 3,314
Feb 286 3,192 2,574 144 3,063
Mar 319 2,173 2,546 138 2,215
Apr 274 2,341 2,686 153 2,920
May 320 1,852 2,377 102 2,018
Jun 345 3,080 2,927 174 2,511
Jul 314 2,700 3,709 96 2,764
Aug 326 2,259 3,841 134 3,293
Sep 369 2,871 2,873 177 2,098
Oct 296 1,566 3,008 80 2,292
Nov 305 3,358 3,082 162 4,319
Dec 335 2,911 2,733 116 4,414
2015
Jan 286 2,959 1,928 120 2,451
Feb 276 2,119 2,342 123 2,747
Mar 334 2,566 3,051 205 2,968
Apr 314 2,082 2,417 85 5,294
May 353 2,772 2,712 159 3,964
Jun 344 2,880 2,824 158 2,628
Jul 362 2,748 2,854 157 3,748
Aug 346 2,294 2,672 158 4,867
Sep 360 2,749 2,549 182 2,494
Oct 382 2,884 2,066 166 2,755
Nov 371 2,722 2,382 176 2,056
Dec 397 3,190 2,463 211 2,347
2016*
Jan 357 2,667 2,550 167 2,172
Feb 304 2,273 2,939 205 2,779
Mar 377 1,697 2,611 213 3,153
Apr 361 2,333 2,381 233 2,849
May 349 1,984 2,529 236 2,563
Jun 342 2,101 1,951 151 2,029
Jul 311 2,054 1,873 116 1,720
Aug 303 2,293 2,159 200 2,238
Sep 335 1,823 1,865 204 1,730
Oct 347 1,948 1,920 173 1,766
Nov 359 2,267 1,977 154 2,149
Dec 378 2,172 2,094 186 1,834
2017*
Jan n.y.a 2,377 1,683 171 1,530
Feb n.y.a 2,033 2,167 203 2,635
Mar n.y.a 1,723 2,044 322 2,091
* : preliminary
n.y.a. : not yet available
Sources : Department of Statistics, Malaysia
Department of Minerals and Geoscience, Malaysia
Malaysia Smelting Corporation Bhd
13

DOMESTIC TIN CONSUMPTION
(In Tonnes)
Period
Total
Consumption
Solder (*) Tinplate Pewter Others
(*)
2011 2,341 1,458 665 108 110
2012 2,083 1,333 573 104 73
2013 1,835 1,078 561 100 96
2014 1,581 922 520 82 57
2015 1,900 1,133 608 77 82
2016 2,238 1,314 750 86 88
2014
Jan 105 71 28 4 2
Feb 144 79 52 6 7
Mar 138 81 47 5 5
Apr 153 117 29 4 3
May 102 48 34 15 5
Jun 174 122 42 6 4
Jul 96 38 45 3 10
Aug 134 73 56 4 1
Sep 177 116 42 13 6
Oct 80 38 38 2 2
Nov 162 82 57 16 7
Dec 116 57 50 4 5
2015
Jan 120 67 47 2 4
Feb 123 78 38 5 2
Mar 205 128 63 6 8
Apr 85 33 37 11 4
May 159 108 35 4 12
Jun 158 105 51 0 2
Jul 157 99 31 14 13
Aug 158 82 66 2 8
Sep 182 101 66 4 11
Oct 166 90 55 13 8
Nov 176 102 65 4 5
Dec 211 140 54 12 5
2016
Jan 167 97 63 3 4
Feb 205 140 46 12 7
Mar 213 144 63 3 3
Apr 233 150 62 15 6
May 236 117 69 14 36
Jun 151 82 59 3 7
Jul 116 44 58 11 3
Aug 200 133 59 6 2
Sep 204 152 45 3 4
Oct 173 79 73 13 8
Nov 154 83 67 0 4
Dec 186 93 86 3 4
2017**
Jan 171 102 54 12 3
Feb 203 133 64 2 4
Mar 322 139 76 13 94
Sources : Department of Minerals and Geoscience, Malaysia
* : The figures include high-grade tin (99.9% Sn) imported for consumption.
** : Preliminary.
Note : Local consumption of tin metal refers to the use of tin in a particular application.
Sales to manufacturing industries have been used as proxy for consumption except
in the case of manufacture of tinplate for which actual consumption data available.
14

WORLD STOCKS OF REFINED TIN
(In Tonnes at Period End)
Period End LME Stocks Country Stocks US Strategic
Stockpile
2011 12,095 19,327 4,020
2012 12,800 20,947 4,020
2013 9,660 17,312 4,020
2014 12,135 22,132 4,020
2015 6,140 9,956 4,020
2016 3,800 18,600 4,020
2014
Jan 8,890 19,043 4,020
Feb 9,085 18,953 4,020
Mar 9,555 17,995 4,020
Apr 9,540 17,932 4,020
May 10,850 18,369 4,020
Jun 11,485 19,751 4,020
Jul 11,780 19,796 4,020
Aug 12,445 20,237 4,020
Sep 8,380 22,040 4,020
Oct 10,385 22,053 4,020
Nov 11,700 22,160 4,020
Dec 12,135 22,132 4,020
2015
Jan 11,840 22,119 4,020
Feb 10,875 22,119 4,020
Mar 9,930 9,685 4,020
Apr 9,070 9,754 4,020
May 7,315 9,851 4,020
Jun 7,635 10,265 4,020
Jul 6,640 10,301 4,020
Aug 6,730 10,323 4,020
Sep 4,800 10,340 4,020
Oct 5,015 10,475 4,020
Nov 5,180 10,427 4,020
Dec 6,140 9,956 4,020
2016
Jan 5,470 10,049 4,020
Feb 3,655 10,299 4,020
Mar 4,810 21,114 4,020
Apr 5,690 20,279 4,020
May 7,235 21,057 4,020
Jun 5,985 18,443 4,020
Jul 5,540 18,427 4,020
Aug 4,460 18,218 4,020
Sep 3,510 18,391 4,020
Oct 2,895 18,391 4,020
Nov 3,185 18,500 4,020
Dec 3,800 18,600 4,020
2017
Jan 5,800 18,902 4,020
Feb 5,560 18,769 4,020
Mar 3,510 18,227 4,020
Sources : Metal Bulletin / World Bureau of Metal Statistics
n.y.a : not yet available
15

KLTM & LME TIN PRICES
KLTM LME CASH
Average Price (*) Total Turnover Average Price
(USD / Tonne) (RM / Kg) (Tonnes) (USD/Tonne)
2011 26,235 80.03 11,387 26,113
2012 21,193 65.38 10,206 21,114
2013 22,322 70.30 9,530 22,316
2014 21,737 71.19 10,822 21,916
2015 16,015 62.45 12,679 16,084
2016 17,528 74.19 11,568 17,982
2013
Jan 24,547 74.56 870 24,659
Feb 24,371 75.44 668 24,326
Mar 23,400 72.68 715 23,337
Apr 21,936 66.86 771 21,694
May 20,836 62.82 853 20,725
Jun 20,292 63.89 799 20,266
Jul 19,597 62.57 774 19,589
Aug 21,520 70.49 712 21,629
Sep 22,630 73.59 676 22,747
Oct 23,174 73.54 693 23,124
Nov 22,868 73.27 880 22,857
Dec 22,778 73.93 1,119 22,835
2014
Jan 22,007 72.75 920 22,072
Feb 22,658 74.95 849 22,809
Mar 23,025 75.61 638 23,098
Apr 23,266 75.79 744 23,422
May 23,269 75.17 819 23,314
Jun 22,801 73.48 676 22,774
Jul 22,531 71.81 1,022 22,383
Aug 22,356 71.10 1,017 22,294
Sep 21,175 68.15 988 21,125
Oct 19,931 65.13 948 19,909
Nov 19,923 66.64 1,092 19,969
Dec 19,797 68.91 1,109 19,826
2015
Jan 19,449 69.72 1,165 19,463
Feb 18,295 65.70 946 18,292
Mar 17,527 64.49 1,011 17,460
Apr 16,084 58.54 836 15,986
May 15,884 57.26 980 15,827
Jun 15,172 56.72 1,038 15,015
Jul 14,884 56.60 1,220 14,962
Aug 15,221 61.74 1,017 15,229
Sep 15,150 65.41 1,059 15,481
Oct 15,763 67.34 894 15,848
Nov 14,694 63.19 1,139 14,743
Dec 14,629 62.62 1,374 14,702
2016
Jan 13,745 59.62 1,269 13,777
Feb 15,324 64.19 1,294 15,654
Mar 16,848 68.60 1,334 16,996
Apr 17,029 66.42 1,050 17,068
May 16,908 68.35 817 16,757
Jun 16,909 69.06 956 16,985
Jul 17,786 71.44 758 17,845
Aug 18,373 74.03 824 18,413
Sep 19,466 80.08 849 19,590
Oct 20,003 83.60 755 20,182
Nov 21,001 91.17 897 21,235
Dec 21,011 93.77 765 21,286
2017
Jan 20,801 92.92 722 20,750
Feb 19,548 86.99 658 19,492
Mar 19,762 87.80 744 19,832
Sources : Kuala Lumpur Tin Market/ Malaysia Smelting Corporation Bhd
Note : As from 1 February 2001, KLTM price is quoted in US Dollar
(*) KLTM's monthly average price is arrived at on a weighted average
against total tonnage basis.
Malaysian Ringgit to US Dollar exchange rate was unpeged on 22.8.2005
16

LEAD COPPER SILVER
LME PRICES & STOCKS LME PRICES & STOCKS LONDON SPOT PRICES
Cash Stocks Cash Stocks London
Settlement Period End Settlement Period End Spot
(US$/Tonne) (Tonnes) (US$/Tonne) (Tonnes) (US Cents
/ Troy Oz)
2011 2,401.83 308,800 2011 8,820.99 433,539 2011 3,511.17
2012 2,062.34 339,383 2012 7,949.95 259,698 2012 3,114.92
2013 2,142.26 234,246 2013 7,325.73 533,323 2013 2,382.92
2014 2,099.08 209,883 2014 6,859.69 196,483 2014 1,907.83
2015 1,786.50 183,608 2015 5,501.69 303,719 2015 1,544.83
2016 1,870.75 186,363 2016 4,863.23 235,752 2016 1,709.67
2014 2014 2014
Jan 2,148.89 208,425 Jan 7,294.89 313,875 Jan 1,991.00
Feb 2,110.48 202,775 Feb 7,152.15 273,725 Feb 2,083.00
Mar 2,097.13 201,650 Mar 6,667.83 263,250 Mar 2,074.00
Apr 2,085.95 193,875 Apr 6,670.83 231,000 Apr 1,971.00
May 2,097.13 190,475 May 6,883.88 170,825 May 1,936.00
Jun 2,103.31 193,700 Jun 6,806.10 154,700 Jun 1,978.00
Jul 2,189.26 215,550 Jul 7,104.50 146,200 Jul 2,092.00
Aug 2,236.58 220,550 Aug 7,000.55 148,025 Aug 1,980.00
Sep 2,122.25 225,525 Sep 6,872.23 152,275 Sep 1,849.00
Oct 2,038.09 226,550 Oct 6,739.20 162,100 Oct 1,719.00
Nov 2,023.73 217,550 Nov 6,701.13 164,800 Nov 1,597.00
Dec 1,936.10 221,975 Dec 6,422.95 177,025 Dec 1,624.00
2015
Jan 1,829.17 214,850 Jan 5,815.83 250,025 Jan 1,710.00
Feb 1,804.68 214,700 Feb 5,702.08 297,200 Feb 1,684.00
Mar 1,784.98 232,900 Mar 5,925.84 332,125 Mar 1,622.00
Apr 1,999.80 171,575 Apr 6,028.48 339,625 Apr 1,632.00
May 2,003.84 160,150 May 6,300.61 320,950 May 1,380.00
Jun 1,836.34 174,000 Jun 5,833.61 323,450 Jun 1,610.00
Jul 1,762.35 218,775 Jul 5,456.91 346,525 Jul 1,507.00
Aug 1,692.90 186,800 Aug 5,088.93 367,650 Aug 1,494.00
Sep 1,682.05 162,425 Sep 5,208.09 320,400 Sep 1,472.00
Oct 1,724.57 147,225 Oct 5,222.61 267,850 Oct 1,571.00
Nov 1,615.98 128,250 Nov 4,808.24 243,025 Nov 1,451.00
Dec 1,701.29 191,650 Dec 4,629.00 235,800 Dec 1,405.00
2016
Jan 1,646.95 188,125 Jan 4,462.75 239,400 Jan 1,402.00
Feb 1,771.57 211,475 Feb 4,595.48 193,475 Feb 1,507.00
Mar 1,808.02 155,975 Mar 4,947.55 143,400 Mar 1,542.00
Apr 1,728.67 174,325 Apr 4,851.12 154,675 Apr 1,626.00
May 1,714.43 185,375 May 4,708.35 154,350 May 1,689.00
Jun 1,713.91 185,150 Jun 4,630.64 189,125 Jun 1,718.00
Jul 1,834.88 187,075 Jul 4,855.79 210,075 Jul 1,993.00
Aug 1,838.89 187,275 Aug 4,758.20 304,775 Aug 1,964.00
Sep 1,942.02 190,250 Sep 4,707.18 371,775 Sep 1,928.00
Oct 2,039.93 188,700 Oct 4,732.14 319,475 Oct 1,767.00
Nov 2,178.84 187,725 Nov 5,443.25 236,675 Nov 1,742.00
Dec 2,230.83 194,900 Dec 5,666.25 311,825 Dec 1,638.00
2017
Jan 2,236.69 189,050 Jan 5,737.43 260,850 Jan 1,681.00
Feb 2,321.73 189,600 Feb 5,941.55 200,725 Feb 1,787.00
Mar 2,277.30 184,275 Mar 5,821.52 283,900 Mar 1,759.00
Source : London Metal Exchange
The Silver Institute
17

Association Members
Currently, the Association comprises one associate and 15 ordinary members covering the three main sectors of
Malaysia’s tin-based products manufacturing industry, namely the tinplate, solder and pewter sectors
as listed below:
ORDINARY MEMBERS:
TINPLATE
Perusahaan Sadur Timah Malaysia Bhd (PERSTIMA)
SOLDER
Henkel (M) Sdn Bhd
Metal Reclamation (Industries) Sdn Bhd
Nihon Superior (M) Sdn Bhd
RedRing Solder (M) Sdn Bhd
Selayang Solder Sdn Bhd
Senju (M) Sdn Bhd
Shen Mao Solder (M) Sdn Bhd
Metahub Ind. Sdn Bhd
PEWTER
Oriental Pewter Sdn Bhd
Present & Artifact Sdn Bhd
Royal Selangor International Sdn Bhd
Selwin Pewter Sdn Bhd
Tumasek Pewter Sdn Bhd
ASSOCIATE MEMBER:
18

1Q 2017.pdf

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