Yunfan Nonferrous Metals resumes tin ingot production
2019-10-10 11:04:59 [Print]
BEIJING (Asian Metal) 10 Oct 19 - Yunnan Yunfan Nonferrous Metals Co., Ltd., a major tin ingot producer in this region, has resumed tin ingot production since late September, a source from the company revealed to Asian Metal.
"With relevant upgrading finished, we have formally resumed tin ingot production since late September and temporarily operate two furnaces now," the source said. The company started upgrading its smelting equipment in the early period after the Spring Festival and originally planned to resume production in July. However, due to the slow upgrading and fluctuated prices in the tin ingot market, the company didn't resume normal production until late September.
The company has no mines and mainly purchases tin concentrate 40%min to produce Yunfan tin ingot. It owns four electric furnaces of 1,250KVA and has an annual production capacity of 10,000t of tin ingot 99.95%min. It produced about 3,000t of tin ingot in 2018 and plans to raise the output to 5,000t in 2019, holding no stocks for the time being. Affected by the upgrading of the equipment, the company halted production in the first nine months of 2019 and accordingly had no output during the period. It expects to produce about 350t of the material in October 2019.
Mainstream prices for tin ingot 99.95%min were RMB136,000-138,000/t (USD19,119-19,400/t) in the Chinese market on Wednesday, up by RMB2,000/t (USD281/t) from Tuesday.
"With relevant upgrading finished, we have formally resumed tin ingot production since late September and temporarily operate two furnaces now," the source said. The company started upgrading its smelting equipment in the early period after the Spring Festival and originally planned to resume production in July. However, due to the slow upgrading and fluctuated prices in the tin ingot market, the company didn't resume normal production until late September.
The company has no mines and mainly purchases tin concentrate 40%min to produce Yunfan tin ingot. It owns four electric furnaces of 1,250KVA and has an annual production capacity of 10,000t of tin ingot 99.95%min. It produced about 3,000t of tin ingot in 2018 and plans to raise the output to 5,000t in 2019, holding no stocks for the time being. Affected by the upgrading of the equipment, the company halted production in the first nine months of 2019 and accordingly had no output during the period. It expects to produce about 350t of the material in October 2019.
Mainstream prices for tin ingot 99.95%min were RMB136,000-138,000/t (USD19,119-19,400/t) in the Chinese market on Wednesday, up by RMB2,000/t (USD281/t) from Tuesday.
Tin Ingot 99.9%min EXW China
Unit:RMB/mt
China tin concentrate producers' output statistics by province by month
Unit: mt
