SMM research shows December refined tin production was 15,685 mt, up 0.8% MoM and 4.29% from YoY. Annual total hit 168,938 mt, up 1.82% YoY. China's December tin ingot production was stable. Yunnan saw minor output changes due to one smelter's plan adjustment; other local companies continued to operate smoothly without any scheduled maintenance. Jiangxi smelters slightly outperformed, boosting output. An Inner Mongolia smelter maintained steady production. In Guangdong, environmental checks reduced one smelter's output. An Anhui smelter ramped up production after resuming operations, contributing to a notable output rise, while most other smelters stayed on track.
January's Yunnan smelting plans are set for stable refined tin output. Jiangxi expects a drop due to maintenance and raw material shortages. A Hubei smelter, closed since late October due to scrap shortages, likely remains shut until post-Spring Festival. Other smelters should keep steady production. January's tin ingot output is predicted at 15,175 mt, down 3.25% MoM but up 26.56% YoY.
