Monthly Output Review of Refined Tin In September

SHANGHAI, Oct 10(SMM) – According to SMM research, domestic refined tin production in September stood at 15,430 mt, up 45.28% MoM and 2.2% YoY. The cumulative output from January to September was 122,170 mt, an increase of 4.36% YoY. Domestic tin ingot production rebounded significantly in September. The growth was mainly brought by the resumption of a large smelting enterprise in Yunnan after maintenance. Most smelting companies that mainly use scrap tin as raw materials maintained stable production, except for several companies with minor output changes.

Entering October, a smelting company in Yunnan may cut tin ingot production amid tin ore procurement issue. In addition, the production of two smelting companies in Jiangxi dipped slightly due to the National Day holiday. But most maintained stable production during the holiday. In September, there was barely any imported tin ore from Wa State, Myanmar. Domestic buyers purchased some tin ore from southern Myanmar. Although the technical transformation of Yinman Mining Co., Ltd. afflicted to Inner Mongolia Xingye Silver & Tin Co., LTD. may bring tin ore increase, if the mining ban in Myanmar's Wa State extends, domestic tin ore supply could tighten further.