SMM Analysis Of China Refined Tin Production In May And Forecast For June

Telah Terbit: Jun 12, 2024 18:10
Sumber: SMM
According to the SMM survey, domestic refined tin production reached 16,720 mt in May, up 1.06% MoM and 6.77% YoY.

According to the SMM survey, domestic refined tin production reached 16,720 mt in May, up 1.06% MoM and 6.77% YoY. In Yunnan, a refined tin smelter continued to halt production due to handover issues, and some producers underwent maintenance for 1-2 weeks due to environmental inspections. Therefore, tin ingot production slightly decreased MoM in May. In Jiangxi, thanks to ample scrap supply, some smelters significantly ramped up their output. A refined tin smelter in Inner Mongolia maintained normal production, while a producer in Guangxi saw a rebound in tin ingot production after equipment maintenance. Producers in Anhui and other regions generally kept normal production in May. Looking ahead to June, most smelters in Yunnan are expected to produce normally, with some temporarily idled producers expected to restart. However, the resumption time for producers that halted production due to handover issues remains unclear. Most producers in Jiangxi plan to continue normal production, with some expected to see a slight increase in production. A smelter in Hubei is planning to purchase scrap to restart due to ample scrap supply. Most smelters in other regions are also expected to maintain normal production. The tin ingot production in June is estimated to reach 17,280 mt, up 3.35% MoM and 21.49% YoY.

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[SMM Tin Flash: Xingye Silver&Tin: Announcement on the progress of the safety incident at its subsidiary and the resumption of production of the beneficiation and tailings system]
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[SMM Tin Flash: Xingye Silver&Tin: Announcement on the progress of the safety incident at its subsidiary and the resumption of production of the beneficiation and tailings system]
[SMM Tin Flash: Xingye Silver&Tin: Announcement on the progress of the safety incident at its subsidiary and the resumption of production of the beneficiation and tailings system]
I. Specifics of the Accident At approximately 15:30 on July 26, 2026, an accident occurred during production and construction at the mine of Xiwuzhumuqin Banner Yinman Mining Co., Ltd. (hereinafter referred to as "Yinman Mining"), a wholly-owned subsidiary of Inner Mongolia Xingye Silver&Tin Mining Co., Ltd. (hereinafter referred to as the "Company"), between 19-1 and 25-1 of the west main haulage on the 750 sublevel in Zone III underground, resulting in one fatality and no injuries. After the accident, Yinman Mining received the On-site Handling Measures Decision and the On-site Handling Measures Decision issued by the Xiwuzhumuqin Banner Emergency Management Bureau (hereinafter referred to as the "Xiwu Banner Emergency Bureau"). As required by the Xiwu Banner Emergency Bureau, the mining area and the beneficiation tailings system of Yinman Mining were successively suspended. II. Progress After the accident, Yinman Mining carried out comprehensive and in-depth safety production self-inspections, and strictly implemented accident prevention and various rectification measures. Recently, Yinman Mining received the Notice on Approving the Resumption of Production of the Beneficiation Tailings System of Xiwuzhumuqin Banner Yinman Mining Co., Ltd. issued by the Xiwu Banner Emergency Bureau, approving the resumption of production of the beneficiation tailings system of Yinman Mining. The beneficiation plant of Yinman Mining will resume production on September 3, 2026. At present, the mining area of Yinman Mining is making every effort to advance various rectification work, striving to achieve the resumption of production in the mining area as soon as possible. The Company will fulfill its information disclosure obligations in a timely manner in accordance with relevant regulations based on subsequent progress, and investors are advised to pay attention to investment risks.
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