China's tin profiles production decreased further in June 2025, with Mysteel's sample enterprises' output dropping by 5.59% month on month to 6,761 tonnes. Meanwhile, the comprehensive operating rate was 67.60%, marking a month-on-month decrease of 2.64 percentage points.
Data source: Mysteel
China's tin profiles downstream enterprises experienced reduced order volumes after the gradual recovery of tin prices since mid-June, as most end-user enterprises had already replenished their inventories during the tin price decline in late May to early June. Additionally, the market consumption off-season further dampened procurement demand from end-user enterprises. Consequently, tin profile producers saw a decline in orders in June, accompanied by decreases in both output and operating rates. According to Mysteel's survey, the operating rate of large manufacturers decreased by 0.7 percentage points to 78.8%, while that of medium-sized and small manufacturers dropped by 2.5 and 2.3 percentage points, respectively, to 67.8% and 56.2%.
End-user market consumption is expected to remain subdued in July 2025, due to reduced promotional activities and a phased slowdown in China's subsidy policies. As tin profile producers adopted a production-based-on-sales model, output is anticipated to further decline in line with falling orders. Consequently, July tin profiles output in China is projected to reach approximately 6,200 tonnes, marking an 8.30% decrease from June.
However, it is noteworthy that the resumption of Myanmar's Wa State's tin mining operations and macroeconomic disturbances have exerted significant downward pressure on tin prices. Consequently, low tin prices may stimulate inventory replenishment by downstream and end-user enterprises. Close attention should be paid to tin price trends and how off-season consumption dynamics influence manufacturers' inventory restocking intentions.
For more in-depth insights, long-term outlook, and comprehensive data on China's tin market, contact us via <xuzhongping@mysteel.com> to subscribe to Mysteel Tin Weekly Report and Mysteel Tin Database.
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Written by Zhaorui Cui, cuizhaorui@mysteel.com
Edited by Paula Xu, xuzhongping@mysteel.com
