SHANGHAI, Feb 8 (SMM) – China's refined tin output stood at 15,868 mt in January, down 4.66% on month.
Although tin prices were firm in January, Wa State of Myanmar was blocked for about 2 weeks due to the pandemic prevention, which made it difficult for some production enterprises in Yunnan to purchase raw materials, thus reducing production. In addition, some enterprises in Jiangxi started their holiday ahead of schedule in late January, which caused the output of these enterprises to decline. These factors led to a month-on-month decline in output in January. Individual enterprises in Yunnan will stop production during the CNY holiday, and most enterprises in Jiangxi will also stop production. China's refined tin output is expected to decrease to 12,000 mt in February.
