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[SMM Weekly report selected] refined tin output decreased by 10.6% in April compared with the same period last year. The supply of raw materials such as tin ore and scrap is still tight.
May 16,2020 10:39CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

"SMM Tin Industry chain Weekly report" is released. SMM will select hot topics, prices, quotations or major changes in the industry chain and release information for your reference.

The following is an excerpt from the weekly report of SMM tin industry chain:

 

Refined tin production in April was 10730 tons, down 10.6 per cent from March. The decline in China's refined tin production in April was mainly due to a slight reduction in Yunnan's overall production in April compared with March, as well as the suspension of production and maintenance of some domestic refineries. The output of places such as interest rate cut remained relatively stable in April compared with March. At present, the supply of raw materials such as tin ore and scrap is still tight. SMM expects that China's refined tin production is limited by raw materials, and its production may continue to remain low in the short term, with refined tin production expected to be around 10500 tons in May.

This week, the Shanghai-tin spot market generally followed the Shanghai tin market up and down, the center of gravity of the Shanghai tin market rose at the beginning of the week to maintain a high shock finishing trend, and then the center of gravity fell back. In the spot aspect, the spot market rose obviously at the beginning of the week, but the downstream enterprises were weak because of the high price, and the traders were also weak because of the rising tin market in Shanghai. Subsequently, market transactions continued to be weak, some businesses adjusted prices for shipment, but as the Shanghai tin market gradually fell, spot prices fell, some downstream enterprises just need to purchase, traders have received some goods. The overall trading atmosphere in the Shanghai-tin spot market this week is generally weak. On Friday, the spot price of Shanghai tin was 134000-135500 yuan / ton, with an average price of 134750 yuan / ton. In terms of water discount, on Friday, the Shanghai tin 2007 contract set Yunxi rose 6000 yuan / ton, the ordinary cloud word rose 5000-5500 yuan / ton, and the small brand rose 5000 yuan / ton.

 

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[China Tin Industry chain High-end report] China Tin Industry chain monthly report includes macro interpretation, monthly tin price review, hot event interpretation and future forecast of various sections of the tin industry chain (tin ingots, tin mines). And release monthly relevant enterprise operating rate and inventory survey and other data, covering the entire tin industry chain.

[China Tin Industry chain routine report] China Tin Industry chain Weekly report includes macro interpretation, weekly tin price review, market trends such as various sections of the tin industry chain (tin ingots, tin mines), weekly social inventory, and future forecasts. a comprehensive interpretation of the tin market during the week.

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