Yinman Mining to keep normal tin concentrate production during Spring Festival holiday
2021-02-03 11:00:39 [Print]
BEIJING (Asian Metal) 3 Feb 21 - Inner Mongolia West Ujimqin Banner Yinman Mining Co., Ltd., one of major tin concentrate 40%min producers in North China, plans to keep normal production during the Spring Festival holiday supported by strong demand and firmly high tin concentrate prices and expects tin concentrate 40%min output to stabilize at around 600 metal tons in February.
"Tin concentrate 40%min prices went up from January and smelters made purchases actively, so we are going to keep normal production during the Spring Festival holiday," a source from the company said, adding that most local mining companies were already out of production due to cold weather. The company added six centrifuges at the end of 2020 and expects steady increases in tin concentrate 40%min output after this March.
The company excavates tin raw ore with the grade of about 0.95%min from its own mine and owns a dressing plant with a daily handling capacity of 5,000t. They recorded no tin concentrate output in 2019 as the mine accident resulted in production suspension and totally produced around 2,500 metal tons in 2020. They produced about 600 metal tons of tin concentrate 40%min in January 2021 and expect the same output in February, holding no tin concentrate 40%min in stock for the time being.
On Tuesday, mainstream prices for tin concentrate 40%min were RMB156,000-157,000/metal ton (USD24,167-24,322/metal ton) in Chinese market, down by RMB1,000/metal ton (USD155/metal ton) from Monday. In view of scarce deals on the market, the source predicted that tin concentrate prices would remain stable in the following week.
"Tin concentrate 40%min prices went up from January and smelters made purchases actively, so we are going to keep normal production during the Spring Festival holiday," a source from the company said, adding that most local mining companies were already out of production due to cold weather. The company added six centrifuges at the end of 2020 and expects steady increases in tin concentrate 40%min output after this March.
The company excavates tin raw ore with the grade of about 0.95%min from its own mine and owns a dressing plant with a daily handling capacity of 5,000t. They recorded no tin concentrate output in 2019 as the mine accident resulted in production suspension and totally produced around 2,500 metal tons in 2020. They produced about 600 metal tons of tin concentrate 40%min in January 2021 and expect the same output in February, holding no tin concentrate 40%min in stock for the time being.
On Tuesday, mainstream prices for tin concentrate 40%min were RMB156,000-157,000/metal ton (USD24,167-24,322/metal ton) in Chinese market, down by RMB1,000/metal ton (USD155/metal ton) from Monday. In view of scarce deals on the market, the source predicted that tin concentrate prices would remain stable in the following week.
Tin Conc. Burmese 20%min In warehouse MengA
Unit:RMB/mtm
China tin concentrate producers' inventory statistics by province by month
Unit: mt
