The low price levels that we are seeing in the market have prompted some Chinese producers to temporarily reduce output or close operations down altogether. The latest announcement of a refined production cut has come from Liuzhou China Tin which has announced a drop in output this year of just under 25 percent to 19,500 tonnes.MBR believes that any further weakness in prices, or if quotes maintain their current low levels, may prompt a further cut in output. Negating this slightly is the re-start of output at Yunnan Tin at the end of July following its two month suspension which will overall cut production this year from 24,000 tonnes to 20,000 tonnes.
展开▼
