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[SMM Analysis] Tin Solder Production in December Remains Stable With a Slight Increase as Downstream Enterprises Are Expected to Welcome the Chinese New Year Holiday
Jan 10, 2025, at 3:15 pm
[SMM Analysis: December Tin Solder Production Remains Stable with Slight Increase as Downstream Enterprises Approach Chinese New Year Holiday]
Based on processing data from market exchanges, SMM reports that the tin solder production of domestic sample enterprises in December showed a slight increase compared to November. Meanwhile, the overall sample operating rate rose to 75.97%. However, entering January, we predict a significant decline in total sample production, down 28.95% MoM. Correspondingly, the overall sample operating rate in January also decreases to 53.98%.
Based on processing data from market exchanges by SMM, the December production of tin solder by domestic sample enterprises showed a slight increase compared to November. Meanwhile, the overall operating rate of the samples increased to 75.97%. However, entering January, we expect the total sample production to decrease significantly, with an estimated drop of 28.95% MoM. Correspondingly, the overall operating rate of the samples in January is expected to decline to 53.98%.
In December 2024, the production of Chinese tin solder enterprises remained stable with slight growth. As the month was not affected by long holidays, production time was ensured, maintaining production efficiency. Additionally, most end-user enterprises began pre-holiday stockpiling and placed large orders with downstream solder enterprises at low tin prices. This market shift positively influenced production plans, driving an increase in production. In summary, in December 2024, Chinese tin solder enterprises achieved MoM growth in production under a stable production environment, reflecting a positive industry development trend. Meanwhile, the steady growth in demand for tin solder provided further momentum for enterprise development.
Looking ahead, based on current market trends and order conditions, due to the impact of the Chinese New Year holiday, production time in January will be significantly reduced. As a result, the order volume for tin solder enterprises in January is expected to remain at a low level. Overall, we anticipate a significant decline in industry production.
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