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[selected SMM Weekly] it is estimated that Myanmar's recent reduction of processing fees for imported tin ores from China is still at a low level.
Sep 5,2020 13:39CST
translation
Source:SMM
(selected by SMM Weekly report: processing fees for recent reduction of tin mines imported from China in Myanmar are expected to remain at a low level] Myanmar's imports of tin mines to China are expected to decrease in the near future, with 746 confirmed cases as of September 4, 473 fewer than last Friday, with the epidemic getting worse and showing no sign of turning around, which is expected to have an impact on its domestic production. Coupled with heavy rains during the month, it is expected that Myanmar's imports of tin to China will decrease in the near future. The processing fee is still at a low level, and the smelter is cautious in receiving the goods for the tin ore with low processing fee.
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:

 

Spot prices have also risen since the beginning of the week, when goods rose for four days in a row. There was a big increase during the week, and it was difficult for the downstream market to accept the daily rise in tin prices for the time being, mainly to consume existing factories and warehouses. Fluctuations are large and downstream consumption is not good, it is difficult for traders to ship goods, and at the same time, they are also more cautious in receiving goods. Although the futures price rose in the first four days, the spot demand is poor, the spot price is difficult to keep up, and the discount has shrunk slightly. Tin prices fell under pressure on Friday, giving up their gains in the previous three days in early trading. On Friday, the spot price of the water jacket rose about 500 yuan / ton for the Shanghai tin futures 2011 contract, about 500 yuan / ton for Yunzi sticker, and 1000-1500 yuan / ton for small card stickers.

Myanmar has 746 confirmed cases as of September 4, 1930, 473 fewer than last Friday. The epidemic is getting worse and shows no sign of turning back, which is expected to affect its domestic production. Coupled with heavy rains during the month, Myanmar's imports of tin mines from China are expected to decrease in the near future. The processing fee is still at a low level, and the smelter is cautious in receiving the goods for the tin ore with low processing fee.

 

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