SMM10, October 17: on October 17, Yunnan Tin Industry Co., Ltd. issued a voluntary information disclosure notice on the shutdown and maintenance of the smelting branch, saying that in order to ensure the integrity of the tin smelting equipment to ensure the continued normal production, the smelting branch of Yunnan Tin Industry Co., Ltd. will stop the production and maintenance of the tin smelting equipment.
The overhaul is scheduled to begin on October 21, 2019 and is expected to take no more than 50 days.
According to the preliminary calculation of the production department of the company, the company's shutdown and maintenance is expected to lead to a reduction of about 10% in fine tin production in 2019 compared with the original production plan. This shutdown and maintenance has a limited impact on the company's annual business plan.
SMM believes that if the current round of smelter joint production reduction can be standardized and effective implementation, refining tin will be in short supply, for the future trend of tin prices constitute a certain support. Long-term focus on whether the smelter can achieve the target of reducing production by 20200 tons by the end of 2019, and whether downstream demand can pick up and effectively support the trend of tin prices.
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