[SMM Tin Weekly selection] from a supply point of view, according to the preliminary investigation of SMM, the smelter's output is expected to increase in October, mainly due to the weakening of smelters in Guangxi due to power cuts, and it can be seen on the spot market that the product has gradually entered the market. On the other hand, the rise in processing fees has stimulated the production enthusiasm of enterprises, and it is understood that some of the original production lines that were suspended due to low processing fees have been gradually restored.
[SMM Tin Weekly selected] according to SMM research, domestic smelters produced 13018 tons of refined tin in September, 4.7% lower than in August. The main reason for the decrease of output in September is that some smelters are restricted by power limitation, environmental protection technology transformation and so on. The output of the smelter is expected to increase by 11% month-on-month in October, mainly due to the weakening of the impact of power cuts in Guangxi and the resumption of production by the smelter. Output in other areas affected by environmental protection and technological transformation will also resume in October.
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