SMM Analysis Of China Refined Tin Production In May And Forecast For June

According to the SMM survey, domestic refined tin production reached 16,720 mt in May, up 1.06% MoM and 6.77% YoY. In Yunnan, a refined tin smelter continued to halt production due to handover issues, and some producers underwent maintenance for 1-2 weeks due to environmental inspections. Therefore, tin ingot production slightly decreased MoM in May. In Jiangxi, thanks to ample scrap supply, some smelters significantly ramped up their output. A refined tin smelter in Inner Mongolia maintained normal production, while a producer in Guangxi saw a rebound in tin ingot production after equipment maintenance. Producers in Anhui and other regions generally kept normal production in May. Looking ahead to June, most smelters in Yunnan are expected to produce normally, with some temporarily idled producers expected to restart. However, the resumption time for producers that halted production due to handover issues remains unclear. Most producers in Jiangxi plan to continue normal production, with some expected to see a slight increase in production. A smelter in Hubei is planning to purchase scrap to restart due to ample scrap supply. Most smelters in other regions are also expected to maintain normal production. The tin ingot production in June is estimated to reach 17,280 mt, up 3.35% MoM and 21.49% YoY.