Monthly Tin Market Report Apr 2023
2023-05-08 08:09:39 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1 Market Highlights
Driven by the news of Myanmar's ban on mining, most downstream clients purchased actively and many suppliers of tin concentrate held bullish views to the market. Therefore, the mainstream prices of tin concentrate increased generally in April. Most producers of tin concentrate firmed their TCs stable during the past month.
Although the market demand still kept soft in the past month, the prices of tin ingot increased in April generally due to tight supply of raw materials, especially Myanmar released that they would ban on mining in the late month. However, most downstream clients couldn't accepting the soaring prices and many of them purchased from hand to month, so the prices of tin ingot went down in the last week of this month.
Although each year at the end of April downstream transactions would enter the peak season, the market transactions less than in previous years. As the prices of raw materials went up in April and most tin solder producers kept TCs firm for promotion, leading to the prices of tin solder move up slightly this month.
Driven by the news of Myanmar's ban on mining, most downstream clients purchased actively and many suppliers of tin concentrate held bullish views to the market. Therefore, the mainstream prices of tin concentrate increased generally in April. Most producers of tin concentrate firmed their TCs stable during the past month.
Although the market demand still kept soft in the past month, the prices of tin ingot increased in April generally due to tight supply of raw materials, especially Myanmar released that they would ban on mining in the late month. However, most downstream clients couldn't accepting the soaring prices and many of them purchased from hand to month, so the prices of tin ingot went down in the last week of this month.
Although each year at the end of April downstream transactions would enter the peak season, the market transactions less than in previous years. As the prices of raw materials went up in April and most tin solder producers kept TCs firm for promotion, leading to the prices of tin solder move up slightly this month.
