[SMM Analysis] Operating Rates of Refined Tin Smelters in Yunnan and Jiangxi Remained Stable; Tin Ingot Production in Yunnan Is Unlikely to Increase

According to the SMM latest survey, the operating rates of refined tin smelters in Yunnan and Jiangxi remained stable last week, with a combined operating rate of 67.27%. The operating rate of smelters in Yunnan reached 66.3% last week, with no significant fluctuations. Most refined tin smelters in Yunnan maintained normal operations last week, with the majority following their scheduled production plans. In Jiangxi, the operating rate was 68.93%, also holding stable. The vast majority of local smelters maintained normal production, with no plans for equipment maintenance in the near future. It is worthy of attention that the scrap supply chain is currently stable, and various producers have largely met their scheduled production. Additionally, according to the latest information, a few smelters in Yunnan plan to halt production for maintenance in July. Some producers may also adjust their production plans based on future raw material supply.