Terminal consumption improves, apparent consumption reaches new high. In late November, the fall in tin prices led to downstream stocking, resulting in a significant increase in domestic apparent consumption of high-grade tin, with net imports of high-grade tin increasing and inventory depletion. Apparent consumption reached the highest level of the year at 21,600 tons, an 18.2% increase compared to the previous period.

In terms of terminal consumption, mobile phone production in November increased by 11.5% compared to the previous period and 4.9% year-on-year, with a cumulative decrease of 3.4% from January to November. The production of electronic computers decreased by 1.9% compared to the previous period, with a 6.4% year-on-year increase and a cumulative year-on-year decrease of 12.7% from January to November. The production of household appliances such as refrigerators and washing machines increased by 7.7% compared to the previous period and 8.1% year-on-year, with a cumulative year-on-year increase of 11.0% from January to November. The production of integrated circuits continued to increase, with a 23.2% increase compared to the previous period and a 9.6% year-on-year increase, resulting in a cumulative year-on-year increase of 5.3% from January to November.