SHANGHAI, Dec. 26 (SMM) – Data from China Customs show China’s refined tin imports in November were 2,843 mt, up 22.3% from October, but down 32.6% YoY. YTD output through November amounted to 28,127 mt, up 49.7%.
The Shanghai/LME tin price ratio expanded during November, allowing larger profits for importing tin and driving up tin imports.
Tin ore and concentrate imports during November were 2,724 mt, surged 245.2% MoM, and down 24.5% YoY. YTD imports through November increased 20.85% from a year ago to 29,294 mt. The rising domestic tin output boosted demand for imported tin concentrate.
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