Chinese tin concentrate TCs slide
2023-03-21 08:20:54 [Print]
BEIJING (Asian Metal) 21 Mar 23 - As the market saw tight supply of tin concentrate and the prices of tin ingot went down during the past week, most suppliers decreased their TCs. Therefore, the current mainstream TCs of Chinese tin concentrate 60%min stand at RMB9,000-11,000/metal ton (USD1,306-1,596/metal ton) delivered D/P, down by RMB1,000/metal ton (USD145/metal ton) from a week ago. Insiders predict that the mainstream prices of Chinese tin concentrate TCs would keep stable in the following days due to flat prices of tin ingot currently.
A trader in Hunan disclosed, "We quoted TC of around RMB9,000/metal ton (USD1,306/metal ton) for tin concentrate 60%min without concession and sold around 30 metal tons today". They could consider accepting the TC as high as RMB10,000/metal ton (USD1,451/metal ton) last week and sold nearly 30 metal tons last Wednesday. As most downstream clients purchased actively and the prices of tin ingot rebound, they believed that the mainstream prices of Chinese tin concentrate TCs would level off in the upcoming days.
With a typical monthly sales volume of around 1,000 metal tons, they estimate to sell about 600 metal tons this month, doubled from last month, holding no stock now.
Another trader in Yunnan reported, "We decreased our TC to RMB13,000/metal ton (USD1,887/metal ton) delivered D/P for tin concentrate 40%min this week, down by RMB1,000/metal ton (USD145/metal ton) from last week due to tight supply." They quoted TC nearly RMB13,000/metal ton (USD1,887/metal ton) but didn't close any deal due to no inquiry. While they last sold nearly 5 metal tons at TC RMB14,000/metal ton (USD2,032/metal ton) last Tuesday. As the prices of tin ingot rebound this week, most suppliers didn't have intention to decline the TCs further, they predicted that the mainstream prices of Chinese tin concentrate TCs would keep steady in the forthcoming days.
The trader, based on a regular monthly sales volume of around 50 metal tons, plans to sell about 50 metal tons this month, up by 10 metal tons from last month. They have no stock in hand currently.
A trader in Hunan disclosed, "We quoted TC of around RMB9,000/metal ton (USD1,306/metal ton) for tin concentrate 60%min without concession and sold around 30 metal tons today". They could consider accepting the TC as high as RMB10,000/metal ton (USD1,451/metal ton) last week and sold nearly 30 metal tons last Wednesday. As most downstream clients purchased actively and the prices of tin ingot rebound, they believed that the mainstream prices of Chinese tin concentrate TCs would level off in the upcoming days.
With a typical monthly sales volume of around 1,000 metal tons, they estimate to sell about 600 metal tons this month, doubled from last month, holding no stock now.
Another trader in Yunnan reported, "We decreased our TC to RMB13,000/metal ton (USD1,887/metal ton) delivered D/P for tin concentrate 40%min this week, down by RMB1,000/metal ton (USD145/metal ton) from last week due to tight supply." They quoted TC nearly RMB13,000/metal ton (USD1,887/metal ton) but didn't close any deal due to no inquiry. While they last sold nearly 5 metal tons at TC RMB14,000/metal ton (USD2,032/metal ton) last Tuesday. As the prices of tin ingot rebound this week, most suppliers didn't have intention to decline the TCs further, they predicted that the mainstream prices of Chinese tin concentrate TCs would keep steady in the forthcoming days.
The trader, based on a regular monthly sales volume of around 50 metal tons, plans to sell about 50 metal tons this month, up by 10 metal tons from last month. They have no stock in hand currently.
