China refined tin production in March

According to SMM survey, domestic refined tin production in March was 15,556 mt, up 35.74% compared with February and 2.92% year-on-year. In March, the domestic tin ingot production increased significantly. Some smelters in Yunnan recovered production after Chinese New Year holiday and the operating rates rebounded significantly, resulting in an increase in tin ingot production. At present, most smelters in Yunnan have resumed normal production and have no maintenance plans for the time being; the output of most smelters in Jiangxi Province also increased significantly compared with February as the impact of the Chinese New Year holiday abated; a smelter in Inner Mongolia proceeded as scheduled in March, and there is no adjustment to the production plan in the short term; the production workshop of a smelter in Guangdong recently resumed normal production and is operating smoothly according to the production plan; most smelters in Anhui and other regions resumed normal production in March. In April, the output of a few smelters in Yunnan that plan to gradually resume production is expected to return to the level before Chinese New Year holiday; most smelters in Jiangxi are expected to maintain normal production, and the production schedule of a few smelters has increased slightly. It is estimated that the output of refined tin in April will increase slightly; a smelter in Hubei has stopped production since late October 2023 due to a shortage of scrap procurement; most smelters in other regions have basically maintained normal production. Domestic tin ingot production is expected to be 16,555 mt in April 2024, up 6.42% month-on-month and 10.71% year-on-year.