Resumption of production in Myanmar's Wa region is slow; SHFE tin prices may fluctuate rangebound in the afternoon [SMM Tin Midday Review]

Published: Jun 10, 2025 11:33

Save

[SMM Tin Midday Review: Slow Pace of Production Resumptions in Myanmar's Wa Region; SHFE Tin Prices May Fluctuate Rangebound in the Afternoon] The most-traded SHFE tin contract (SN2507) opened slightly higher this morning and then oscillated and pulled back. By the midday close, it was quoted at 264,020 yuan/mt, up 0.44% from the previous trading day. Market trading activity was moderately weak, with bulls and bears continuing to battle around the 264,000 yuan/mt mark. Slow Pace of Production Resumptions in Myanmar's Wa Region: Although the production resumption process was initiated at the end of April, the actual ramp-up time may be postponed to July due to strict logistics inspections at the China-Myanmar border and prolonged processing times for mining licenses. Market rumors suggest that the first batch of export licenses has been issued, but it will still take 1.5-2 months for ore to be transported to China, with port arrivals in June expected to decline significantly. Limited Increase in African Supply: Although the Bisie mine in the Democratic Republic of the Congo (DRC) has resumed production in phases, its 2025 production guidance has been revised down from 20,000 mt to 17,500 mt. Moreover, with a shipping period of 45-60 days, the actual port arrivals in June will provide insufficient support for domestic smelting operations. Midday Summary: SHFE tin prices are short-term influenced by disruptions in ore supply and fluctuating macro sentiment. However, the off-season demand and inventory pressure limit the rebound height, and prices may fluctuate rangebound in the afternoon.

Lunchtime Commentary on the Most-Traded SHFE Tin Contract on June 10, 2025

The most-traded SHFE tin contract (SN2507) opened slightly higher this morning and then fluctuated rangebound and pulled back. By the lunchtime close, it was reported at 264,020 yuan/mt, up slightly by 0.44% from the previous trading day. Market trading activity was moderately weak, with longs and shorts continuing to battle around the 264,000 yuan/mt mark.

Slow Resumption of Production in Myanmar's Wa Region: Although the production resumption process was initiated at the end of April, the actual ramp-up time may be postponed to July due to strict logistics inspections at the China-Myanmar border and extended processing times for mining licenses. Market rumors suggest that the first batch of export licenses has been issued, but it will still take 1.5-2 months for ore to be transported to China, with a significant decline expected in port arrivals in June.

Limited Increase in African Supply: Although the Bisie mine in the Democratic Republic of the Congo (DRC) has resumed production in phases, its 2025 production guidance has been revised down from 20,000 mt to 17,500 mt. Moreover, the shipping period takes 45-60 days, and the actual port arrivals in June will provide insufficient support to the domestic smelting sector.

Lunchtime Summary: SHFE tin is short-term influenced by disruptions in ore supply and recurring macro sentiment, but the off-season demand and inventory pressure limit the rebound height. It may continue to fluctuate rangebound in the afternoon.

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 to learn 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

1 hour ago

[SMM Tin News Flash: Wuhan Xinyuan Semiconductor, a Subsidiary of Liyuan Information, Officially Announced Price Adjustments Across Its Full Product Line]

Liyuan Information's subsidiary Wuhan Xinyuan Semiconductor issued a price adjustment notice, stating that starting from May 6, 2026, Wuhan Xinyuan Semiconductor will implement a new pricing system for its entire product lineup, and all product prices will need to be renegotiated. Xinyuan Semiconductor stated that core upstream raw materials in the semiconductor industry chain, such as wafers and packaging & testing, have continued to rise recently, and industry capacity supply is tight. The original prices can no longer support subsequent capacity assurance and product delivery.

1 hour ago

[SMM Tin News Flash: Commerzbank: Sharp Rise in Memory Chip Prices May Weaken European Currencies]

Commerzbank noted that due to the sharp rise in memory chip prices in recent months, European currencies could be affected to some extent. This could deliver another terms-of-trade shock to the eurozone and Europe as a whole, in addition to the energy price shock caused by the war in Iran. Some of the countries with the largest trade deficits are eurozone members, including Italy, Portugal, and Germany. Poland, Hungary, the Czech Republic, and the UK also have trade deficits.

1 hour ago

[SMM Tin News Flash: Semiconductors and Electronic Parts Drive Japan's Exports to Rebound Beyond Expectations]

Data released by Japan's Ministry of Finance on Wednesday showed that Japan's export growth accelerated in March, driven by recovering demand and strong exports of semiconductors and electronic parts. Japan's total exports in March were up 11.7% YoY, higher than the revised 4% growth rate in February and exceeding the analyst forecast median of 11%. Imports were up 10.9%, higher than the previous month's 10.3%. The non-seasonally adjusted trade surplus expanded to 667 billion yen ($4.2 billion). Affected by US tariffs, Japan's exports to the US grew 3.4%. Driven by chips, electronic parts, and non-ferrous metals, Japan's exports to the EU grew 18.2% as disruptions related to the Chinese New Year holiday subsided.

1 hour ago