Domestic Refined Tin Output was 15,103 mt in April and Has a Upward Trend in May

SHANGHAI, May 9 (SMM) - According to SMM research, domestic refined tin output was 15,103 mt in April, changed -0.61% from March, and -2.59% year-on-year, the combined output from January to April changed -2.75% YoY. The domestic refined tin output in April did not deviate from the previous expected output. In April, many places in China were disturbed by the pandemic, but the operating rate of mainstream smelters basically remained stable, ensuring the stable domestic output. In terms of regions: 1. The output of smelters in Yunnan declined only slightly MoM, and the main smelters were in normal production at present. The main reason for the decrease in output in April was the short-term equipment maintenance of a individual smelter in the region, resulting in nearly 30% of the monthly output reduction. 2. The output of enterprises in Guangxi increased month on month, mainly due to the resumption from maintenance of individual enterprises. 3. The output of smelters in Jiangxi increased slightly month on month. On the whole, the output in the region was large, and the production of smelters maintained a stable operation. The change trend of monthly output was consistent with the SMM survey result of the weekly operating rate in Jiangxi. 4. The total output of smelters in other regions changed little month on month in April, but the performance of individual smelters was slightly different. In May, the production of domestic mainstream smelters was stable, and some enterprises previously affected by equipment maintenance have returned to normal. To sum up, the output of domestic smelters in May remained stable and had an upward trend due to production increasing plans of a few smelters. SMM predicts that the domestic refined tin output in May will be 15,825 mt.