SHANGHAI, Aug 7 (SMM) — China’s refined tin output fell MoM in July as a large-scale smelter in Yunnan suspended production for maintenance.
SMM data showed that China produced 10,057 mt of refined tin in July, down 19.48% from June. Recovery of mines and maintenance at the large-scale smelter eased tight supply of tin ore. Improved consumption and rising feedstock supply prompted other smelters to increase output.
SMM learned that Myanmar has effectively contained Covid-19 at home and is expected to reopen its border till the end of August, which will ease the tight supply of tin ore. Demand is unlikely to rise significantly in August, a traditional low consumption season.
Refined tin output is likely to rebound to 12,000 mt in August, SMM estimates.