European tin concentrate export market active
2023-04-28 08:05:00 [Print]
BEIJING (Asian Metal) 28 Apr 23 - Due to active purchases from downstream clients, the Europe tin concentrate export market saw more deals during the past month. The current mainstream prices of European tin concentrate 70%min stand at USD24,900-25,000/metal ton FOB Europe, down by USD150/metal ton from yesterday. Driven by tight supply and more confidence from suppliers, insiders predict that the mainstream prices of European tin concentrate would move up in the coming week.
"As most downstream clients in Malaysia and Thailand purchased actively, our sales volume increased by 30% in April. We could consider accepting the prices as low as USD25,000/metal ton FOB Europe for tin concentrate 70%min today, down by about USD150/metal ton from yesterday, but we failed to close any deal due to out of stock", a Belgium-based trader noted. While they last exported about 25 metal tons at USD25,200/metal ton on Monday this week. They added that they would replenish stocks as soon as possible in order to deliver orders. Boosted by active purchases from downstream clients, they predict the mainstream prices of European tin concentrate would go up in the upcoming days.
Based on a regular monthly sales volume of around 150 metal tons, they exported around 200 metal tons this month, up by 50 metal tons from last month. They hold no inventory in hand now.
Another trader in Spain disclosed, "Our sales volume kept stable during the past month. We sold about 10 metal tons of tin concentrate 68%min at USD24,900/metal ton FOB Europe today when we offered around USD24,950/metal ton." While they could consider accepting the price as low as USD24,800/metal ton but didn't close any deal due to no goods. They added that they now have enough money to buy a niobium mine in Columbia due to active tin concentrate market and they believed the mainstream prices of European tin concentrate would edge up next week.
With a typical monthly sales volume of around 100 metal tons, they exported about 100 metal tons this month, unchanged from last month, holding no stock for the time being.
"As most downstream clients in Malaysia and Thailand purchased actively, our sales volume increased by 30% in April. We could consider accepting the prices as low as USD25,000/metal ton FOB Europe for tin concentrate 70%min today, down by about USD150/metal ton from yesterday, but we failed to close any deal due to out of stock", a Belgium-based trader noted. While they last exported about 25 metal tons at USD25,200/metal ton on Monday this week. They added that they would replenish stocks as soon as possible in order to deliver orders. Boosted by active purchases from downstream clients, they predict the mainstream prices of European tin concentrate would go up in the upcoming days.
Based on a regular monthly sales volume of around 150 metal tons, they exported around 200 metal tons this month, up by 50 metal tons from last month. They hold no inventory in hand now.
Another trader in Spain disclosed, "Our sales volume kept stable during the past month. We sold about 10 metal tons of tin concentrate 68%min at USD24,900/metal ton FOB Europe today when we offered around USD24,950/metal ton." While they could consider accepting the price as low as USD24,800/metal ton but didn't close any deal due to no goods. They added that they now have enough money to buy a niobium mine in Columbia due to active tin concentrate market and they believed the mainstream prices of European tin concentrate would edge up next week.
With a typical monthly sales volume of around 100 metal tons, they exported about 100 metal tons this month, unchanged from last month, holding no stock for the time being.
