South America tin concentrate market witnessed tight supply
2023-03-03 09:51:30 [Print]
BEIJING (Asian Metal) 3 Mar 23 - Although most suppliers of tin concentrate in South America declined their prices today, most downstream clients purchased actively and the supply remained limited during the past week. The current mainstream prices of tin concentrate 70%min stand at USD23,850-23,950/metal ton Delivered in South America, down by USD400/metal ton from yesterday. Insiders predict that the mainstream prices of South America tin concentrate would edge up in the coming week boosted by tight supply.
"The tin concentrate market saw tight supply as the SAN Rafael mine in Peru halted since early January, which has a great impact on supply throughout South America", a producer in Brazil revealed. They offered about USD23,850/metal ton Delivered for tin concentrate 70%min with no more concession but didn't close any deal as their clients could accept the price as high as USD23,750/metal ton. While they quoted about USD24,250/metal ton but didn't close any deal due to no stock in hand. They last sold about 200 metal tons at around USD25,500/metal ton and refused any lower price last week. Driven by tight supply and stable consumption, they predict the mainstream prices of tin concentrate would go up next week.
Based an annual production capacity of 15,000 metal tons, they plan to produce about 800 metal tons in March, identical to last month. They hold about 100 metal tons of inventories currently.
Another producer in Brazil reported, "Now the market runs stable consumption and we could receive some inquiries every week. We could sell out quickly at the end of month." They quoted USD23,600/metal ton Delivered for tin concentrate 60%min with no more concession today but failed to close any deal due to no stock. For the same reason, they couldn't conclude any deal yesterday when they consider accepting the price as low as USD24,000/metal ton. They last sold about 5 metal tons at USD25,200/metal ton in late last month. Due to tight supply and stable market demand, they estimated the mainstream prices of tin concentrate would go up as following days.
With an annual production capacity of 100 metal tons, they predict to produce about 5 metal tons this month, unchanged from last month, holding no inventory at the moment.
"The tin concentrate market saw tight supply as the SAN Rafael mine in Peru halted since early January, which has a great impact on supply throughout South America", a producer in Brazil revealed. They offered about USD23,850/metal ton Delivered for tin concentrate 70%min with no more concession but didn't close any deal as their clients could accept the price as high as USD23,750/metal ton. While they quoted about USD24,250/metal ton but didn't close any deal due to no stock in hand. They last sold about 200 metal tons at around USD25,500/metal ton and refused any lower price last week. Driven by tight supply and stable consumption, they predict the mainstream prices of tin concentrate would go up next week.
Based an annual production capacity of 15,000 metal tons, they plan to produce about 800 metal tons in March, identical to last month. They hold about 100 metal tons of inventories currently.
Another producer in Brazil reported, "Now the market runs stable consumption and we could receive some inquiries every week. We could sell out quickly at the end of month." They quoted USD23,600/metal ton Delivered for tin concentrate 60%min with no more concession today but failed to close any deal due to no stock. For the same reason, they couldn't conclude any deal yesterday when they consider accepting the price as low as USD24,000/metal ton. They last sold about 5 metal tons at USD25,200/metal ton in late last month. Due to tight supply and stable market demand, they estimated the mainstream prices of tin concentrate would go up as following days.
With an annual production capacity of 100 metal tons, they predict to produce about 5 metal tons this month, unchanged from last month, holding no inventory at the moment.
