Fine Chemicals Group resumes production of tin chemicals
2021-02-24 11:42:40 [Print]
BEIJING (Asian Metal) 24 Feb 21 - Located in Taizhou, Zhejiang, Fine Chemicals Group Co., Ltd., one of major tin chemicals producers in China, resumed production of tin chemicals late last week and expected the output of tin chemicals in March to go back to the level before the Spring Festival holiday, a source from the company disclosed to Asian Metal.
"We finished maintenance on production lines and formally restarted production last Saturday," the source said, adding that they halted production in early February for around two-week annual facility maintenance. They consumed inventory and didn't make purchases as tin ingot prices soared over the past week and predicted that tin ingot prices would continue hovering at RMB190,000/t (USD29,394/t) before the end of February.
The company purchases tin ingot 99.95%min to produce stannous sulfate, stannous chloride and other tin chemicals. They totally consumed about 2,200t of tin ingot 99.95%min in 2020 and about 2,000t in 2019. They expect to consume around 100t in February, against around 200t in January, and hold about 200t of tin ingot in stock at the moment.
Presently, mainstream prices for tin ingot 99.95%min were RMB182,500-184,500/t (USD28,233-28,543/t), up by RMB18,500/t (USD2,862/t) from early February.
"We finished maintenance on production lines and formally restarted production last Saturday," the source said, adding that they halted production in early February for around two-week annual facility maintenance. They consumed inventory and didn't make purchases as tin ingot prices soared over the past week and predicted that tin ingot prices would continue hovering at RMB190,000/t (USD29,394/t) before the end of February.
The company purchases tin ingot 99.95%min to produce stannous sulfate, stannous chloride and other tin chemicals. They totally consumed about 2,200t of tin ingot 99.95%min in 2020 and about 2,000t in 2019. They expect to consume around 100t in February, against around 200t in January, and hold about 200t of tin ingot in stock at the moment.
Presently, mainstream prices for tin ingot 99.95%min were RMB182,500-184,500/t (USD28,233-28,543/t), up by RMB18,500/t (USD2,862/t) from early February.
Tin Ingot 99.95%min EXW China
Unit:RMB/mt
China tin ingot producers' inventory statistics by province by month
Unit: mt
