China Refined tin output in October and forecast for November

SMM survey shows domestic refined tin production in October was 15,523 mt, up 0.6% MoM but down 7.3% YoY. January-October cumulative production was 153,573 mt, up 2.37% YoY. Tin ingot production in China was stable in October. A previously underperforming Yunnan smelter resumed normal production in early October, slightly boosting tin ingot output. Another in Yunnan also increased production slightly, while most others held steady. In Jiangxi, production fell due to changes in three smelters' October production plans. A smelter in Inner Mongolia resumed full production in October. In Guangdong, a smelter's operation recovery led to a slight output increase, while most other smelters maintained steady production.

In November, a Yunnan smelter expects slight production decrease due to tin ore supply tensions. A Jiangxi smelter, which slightly reduced October production, has returned to normal production. An Anhui smelter resumed production post-maintenance by October’s end, expecting November production to return to pre-maintenance levels. However, a Hubei smelter, due to scrap procurement shortage, ceased production late October, planning to remain halted until after Spring Festival. Most other smelters will maintain normal production. National tin ingot production in November is estimated at 15,880 mt, up 2.3% MoM but down 1.98% YoY.