AM Stats: Chinese tin ingot stocks down by 30.52% YOY in late Jul
2018-08-13 14:32:27 [Print]
BEIJING (Asian Metal) 13 Aug 18 - According to statistics from Asian Metal database, Chinese tin smelters' stocks for tin ingot were 5,920t in late July 2018, down by 20.43% from 7,440t in late June and by 30.52% from 8,520t in late July 2017.
In late July, decreasing tin ingot stocks of smelters were mainly in Yunnan and Guangxi. Smelters in Yunnan were restricted to produce tin ingot, but still maintained downstream sales, leading to reduced stocks for the material. China Tin Group halted production in July, and thus stocks for tin ingot in Guangxi reduced. Furthermore, smelters in Jiangxi and Guangdong increased tin ingot output in July, and their stocks moved up due to weak downstream demand.
Chinese tin ingot stocks by month from Jan 2017 to Jul 2018 (t)
In late July, decreasing tin ingot stocks of smelters were mainly in Yunnan and Guangxi. Smelters in Yunnan were restricted to produce tin ingot, but still maintained downstream sales, leading to reduced stocks for the material. China Tin Group halted production in July, and thus stocks for tin ingot in Guangxi reduced. Furthermore, smelters in Jiangxi and Guangdong increased tin ingot output in July, and their stocks moved up due to weak downstream demand.
Chinese tin ingot stocks by province from Jan 2017 to Jul 2018 (t)
Tin Ingot 99.95%min EXW China
Unit:RMB/mt
China tin ingot producers' inventory statistics by province by month
Unit: mt
