Jiangxi Ganxi increases tin crude production
2023-04-21 08:24:08 [Print]
BEIJING (Asian Metal) 21 Apr 23 - Due to the shortage of tin concentrate in the current Chinese market and the fast payment cycle of tin crude transaction, Jiangxi Ganxi Industry and Trade Co., Ltd., one of major tin crude producers in East China, would increase the output to about 200t in April.
"We increased the production of tin crude to about 200t this month, up by 100t from last month," the source from the company reported to Asian Metal, and they added that tin crude was preferred by downstream smelters due to the shortage of tin concentrate so they would probably keep the output stand at 200t next month.
Based on an annual production capacity of 10,000t, the company purchases scrap tin to produce tin crude 95-98%min. They own four furnaces of 1,250kVA. They changed the line of tin crude production since October last year, they also did business trade of tin ingot 99.95%min during this period. With a regular monthly trade volume of 200t, the company plans to sell about 200t of tin ingot this month, in line with last month, holding no inventory of tin ingot now.
On Thursday, the mainstream prices of tin crude 98%min stand at RMB213,000-215,000/t (USD30,970-31,260/t) EXW down in East China, unchanged from yesterday. Although most smelters purchased actively due to limited raw materials, insiders predict that the mainstream prices of Chinese tin ingot would go down as following days due to soft demand in terminal market.
"We increased the production of tin crude to about 200t this month, up by 100t from last month," the source from the company reported to Asian Metal, and they added that tin crude was preferred by downstream smelters due to the shortage of tin concentrate so they would probably keep the output stand at 200t next month.
Based on an annual production capacity of 10,000t, the company purchases scrap tin to produce tin crude 95-98%min. They own four furnaces of 1,250kVA. They changed the line of tin crude production since October last year, they also did business trade of tin ingot 99.95%min during this period. With a regular monthly trade volume of 200t, the company plans to sell about 200t of tin ingot this month, in line with last month, holding no inventory of tin ingot now.
On Thursday, the mainstream prices of tin crude 98%min stand at RMB213,000-215,000/t (USD30,970-31,260/t) EXW down in East China, unchanged from yesterday. Although most smelters purchased actively due to limited raw materials, insiders predict that the mainstream prices of Chinese tin ingot would go down as following days due to soft demand in terminal market.
