(under review) [SMM analysis] tin ore imports of 8817 gross tons in April, short-term tin ore imports are still tight.

SMM5: according to the data of the General Administration of Customs, the import volume of refined tin in April 2020 was 1183 tons and the export volume was 453 tons. The import volume of tin concentrate is 8817 gross tons.

SMM believes that on the tin mining side, most of the tin ore imports still come from Myanmar, and the start-up of Myanmar's tin mining and mineral processing enterprises has not fully recovered. According to market participants, short-term tin ore imports may continue to maintain a relatively tight supply. In terms of refining tin, the recent profit space for refined tin imports is still open, and the acceptance of downstream enterprises is higher than that of last year, and it is expected that the import volume of short-term refined tin may continue to be relatively high.