Summary of SMM Morning Meeting: Some enterprises have expected to have

Published: Sep 11, 2023 08:30

Save

Summary of SMM Morning Meeting: Some enterprises have expected to have tin stocks near the 11th holiday, but the continuous large accumulation of LME may reflect that the overseas demand is worse than expected. Recently, the domestic tin ore supply is still relatively loose. With the slight increase in the processing fee of tin ore in the recent period, some smelting enterprises have indicated that they will slightly increase production in the future, but the overall scale is small, which has little impact on the tin supply in the future market. However, it also reflects that the elasticity of tin ore to the production of various smelting enterprises is relatively small in the current stage; and the local beneficiation plant in Wa State, Myanmar, will gradually resume production, and there will still be tin ore exported to China in the future, but the export volume will be significantly lower than in July and August, which will limit the upper space of tin price.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

Data: SHFE, DCE market movement (Sep 02)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Sep , 2026

3 hours ago

5 hours ago

【Tungsten News Flash】

SMM News, Sep 2，According to SMM sample data, China’s ammonium paratungstate (APT) output in August 2026 fell by 3% month‑on‑month. The cumulative domestic APT output from January to August stood at approximately 92,000 tonnes, a year‑on‑year decrease of 0.13%. In August, domestic APT prices trended weak, and industry margins contracted markedly. Most enterprises produced based on long‑term contracts and firm orders. Some smelters expanded toll‑processing businesses. The average industry operating rate reached 70.3%, marking three consecutive monthly declines. As of the end of August, certain finished‑product inventories remained to be digested across the sector.

5 hours ago

7 hours ago

[US Fed September rate hike probability rises to 66.9%, macro pressure keeps SHFE tin most-traded contract center weak [SMM Tin Midday Review]]

[SMM Tin Midday Review: Probability of US Fed Rate Hike in September Rises to 66.9%; Macro Pressure Keeps the Most-Traded SHFE Tin Contract Center Weak]

7 hours ago