SHANGHAI, Jan 8 (SMM) – China's refined tin output stood at 16,644 mt in December, up 19.42% on month and up 5.94% from November.
Tin prices performed strongly in December, gradually rising from 145,000 yuan/mt to over 150,000 yuan/mt, and prices have once increased to 155,000 yuan/mt over the month. Rising tin prices encouraged companies to turn into active production. Large tin factories in Yunnan, Guangxi, and Jiangxi all increased their output in December compared with the previous month. Some medium-sized companies also increased production to varying degrees. However, some companies cut production due to difficulties in purchasing raw materials.
Tin prices continue to remain firm in the near term, which will continue to attract manufacturers with sufficient raw materials to maintain high production. However, ahead of the Spring Festival holiday. Most tin factories in Yunnan will maintain normal production, but some tin factories in Jiangxi, Zhejiang and other regions will stop production for the holidays in advance at the end of January, and refined tin output will be slightly affected. China's refined tin output is expected to decrease to 16,000 mt in January.