Jiangxi Ruifeng increases crude tin production
2023-03-16 08:28:03 [Print]
BEIJING (Asian Metal) 16 Mar 23 - One of major crude tin 90%min producers in East China, Jiangxi Ruifeng Environment Protection Co., Ltd., would increase crude tin production to about 150t this month due to active purchases from downstream clients.
"As the supply of tin concentrate kept tight during the past month, the demand for crude tin increased. We would increase output of crude tin to around 150t this month, up by around 30t from last month", a source from the company noted. They would probably produce about 120t next month.
The company purchases tin scrap to produce crude tin 90%min and sells to local smelters. They have two electric furnaces of 1,250kVA, holding no inventory of stock now.
Although the social inventory reduced from more than 10,000t last week to about 8,900t this week, they also held pessimistic to the market due to weak market demand. The mainstream prices of Chinese tin ingot 99.95%min stand at RMB187,000-189,000/t (USD27,162-27,453/t) in East China currently, up by RMB1,000/t (USD145/t) from yesterday. Restricted continuous slack deals, insiders predict that the mainstream prices of Chinese tin ingot would go soft tomorrow.
"As the supply of tin concentrate kept tight during the past month, the demand for crude tin increased. We would increase output of crude tin to around 150t this month, up by around 30t from last month", a source from the company noted. They would probably produce about 120t next month.
The company purchases tin scrap to produce crude tin 90%min and sells to local smelters. They have two electric furnaces of 1,250kVA, holding no inventory of stock now.
Although the social inventory reduced from more than 10,000t last week to about 8,900t this week, they also held pessimistic to the market due to weak market demand. The mainstream prices of Chinese tin ingot 99.95%min stand at RMB187,000-189,000/t (USD27,162-27,453/t) in East China currently, up by RMB1,000/t (USD145/t) from yesterday. Restricted continuous slack deals, insiders predict that the mainstream prices of Chinese tin ingot would go soft tomorrow.
