Domestic refined tin production reached 16,545 mt in April

According to SMM survey, domestic refined tin production reached 16,545 mt in April, a month-on-month increase of 6.36% and a year-on-year increase of 10.64%. In Yunnan, although a smelter suspended the production of refined tin in April due to handover issues, another company achieved a small increase in production. However, this company has no long-term plan for production increase, and its subsequent production will depend on the supply of raw materials. Overall, the output of tin ingots in Yunnan in April was basically the same as that in March; in Jiangxi, the output of some smelters increased significantly compared with March thanks to the abundant supply of scrap in the market recently. However, in Inner Mongolia, a smelter experienced a slight reduction in production due to tin ore supply problems. A smelter in Guangxi also saw a decline in tin ingot production due to equipment maintenance. In contrast, most smelters in Anhui and other regions maintained normal production in April. In May, most smelters in Yunnan are expected to maintain normal production, but the resumption time of the company that has stopped production due to handover issues is unknown. In Jiangxi Province, most smelters plan to maintain normal production, and a few companies are expected to achieve a slight increase in output. A smelter in Hubei Province is planning to restock materials and resume production considering the sufficient supply of scrap in the market. Most smelters in other regions have basically maintained normal production. Domestic tin ingot production is expected to be 17,015 mt in May 2024, up 2.84% month-on-month and 8.65% year-on-year.