Throughout the global commodities market, due to the deep imbalance between the mud, weighed down by weak global economic growth, commodity prices way down in recent years, nonferrous enterprises one after another announced production cuts. Recently, the Tin industry backbone enterprises in China statement issued joint production planned for 2016 to reduce refined Tin output of 17,000 tons.
It is understood that in the context of prices depressed, currently the most Tin-producing enterprises facing serious challenges.
A tin smelting business leaders argue that, from 2012, the Tin industry has entered a downward price channel. "Tin is also one of the colored variety of excess capacity, the market fundamentals of supply and demand imbalance makes the price dropped sharply, and this fall continued for a long time, such cases are relatively rare in the past years. For many domestic Tin smelters, and had virtually no experienced such turmoil. ”