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[SMM Analysis] November Tin Solder Production Remains Stable, Pre-Chinese New Year May See Stockpiling Peak
Dec 26, 2024, at 3:56 pm
[SMM Analysis: November Tin Solder Production Remains Stable, Pre-Chinese New Year Stockpiling Peak Expected]
According to processing data from SMM based on market communication, the tin solder production of domestic sample enterprises in November remained stable compared to October. Meanwhile, the overall sample operating rate was nearly flat at 75.55%. However, entering December, total sample production is expected to see a slight increase, up 0.67% MoM. Correspondingly, the overall sample operating rate in December is also expected to rise to 76.06%.
SMM, December 26: Based on processing data from market exchanges, SMM reports that the November production of tin solder by domestic sample enterprises remained stable compared to October. Meanwhile, the overall sample operating rate was nearly flat at 75.55%. However, moving into December, we expect a slight increase in total sample production, with a projected MoM growth of 0.67%. Correspondingly, the overall sample operating rate in December is expected to rise to 76.06%. In November 2024, the production of Chinese tin solder enterprises remained stable. As the month was not affected by long holidays, production time was ensured, maintaining production efficiency. Additionally, the significant decline in tin prices in late November stimulated end-user enterprises to place additional orders and stockpile extensively at low price levels. This market shift positively influenced production plans, driving an increase in output. In summary, in November 2024, Chinese tin solder enterprises achieved MoM growth in production under stable production conditions, reflecting a positive development trend in the industry. Meanwhile, market demand for tin solder continued to grow steadily, providing further momentum for enterprise development. Looking ahead, based on current market trends and order conditions, the order volume for tin solder enterprises in December is expected to remain at a relatively optimistic level. Overall, we anticipate that industry production will remain stable, with a potential for slight growth. 》Click to View the SMM Metal Industry Chain Database
