Imports of tin ore fell 16.8% year on year from January to February

SHANGHAI, Mar 23 (SMM) — According to customs data, China imported 20,535 mt of tin ore were from January to February 2021, down 16.8% from the previous year. The decrease was mainly due to the CNY holiday and the pandemic prevention measures caused by the slowdown in cargo transportation.

Imports of tin ore from January to February stood at 20,535 mt, equivalent to 5,133 metal mt based on an average grade of 25%, which was close to previous expectations. After the CNY, the sharp increase in tin prices will promote the recovery of lower-grade raw ore in the local area, which will help increase the import volume of tin ore. However, the relevant customs ports in Myanmar affected the transportation of goods due to the acceptance of a large number of Chinese personnel returning from Myanmar. It is expected that the growth of tin ore imports in March will remain limited, and rise to 3,500-4,000 metal mt.