Chinese tin solder market sees sluggish deals
2024-03-18 08:12:31 [Print]
BEIJING (Asian Metal) 18 Mar 24 - As most downstream clients purchased from hand to mouth, the Chinese tin solder market saw few deals during the past two days. The current mainstream prices of Chinese tin solder Sn 99.3%min Cu 0.7%max stand at RMB229-231/kg (USD31.8-32.1/kg) EXW D/P, up by RMB1/kg (USD0.14/kg) from yesterday. Taking the market demand kept lackluster into consideration, insiders predict that the mainstream prices of Chinese tin solder would go down in the following days.
A producer in Anhui stated, "As the market demand went soft, we sold about 3t of tin solder this week, down by 2t from last week," and they noted that they could consider accepting the price as low as RMB229/kg (USD31.8/kg) EXW D/P for tin solder Sn 99.3%min Cu 0.7%max today and sold about 0.5t to their regular client, who originally intended to purchase 1t, but purchased in batches due to few orders. Due to no inquiry, they didn't close any deal yesterday when they offered about RMB228/kg (USD31.7/kg) with no more concession. Dragged by dim market, they believed that the mainstream prices of Chinese tin solder would go down in the following days.
Based an annual production capacity of 1,000t, the company plans to produce about 15t this month, up by 2t MoM. They produced about 300t in 2023 and around 40t so far this year, holding an inventory of 5t now.
"We didn't receive any inquiry today. I called my clients today, and they all told me that they have no intention to replenish stocks at present because of few orders," another producer in Guangdong disclosed. They would like to sell at about RMB230/kg (USD31.9/kg) EXW D/P for tin solder Sn 99.3%min Cu 0.7%max today but didn't close any deal due to no inquiry. While they sold about 0.5t at RMB229/t (USD31.8/t) yesterday. Depressed by weak market demand, they estimated that the mainstream prices of Chinese tin solder would drop in the forthcoming days.
The producer, based on an annual production capacity of 300t. They plans to produce about 5t this month, on par with last month, holding no inventory currently. They produced about 100t in 2023 and around 20t this year to date.
A producer in Anhui stated, "As the market demand went soft, we sold about 3t of tin solder this week, down by 2t from last week," and they noted that they could consider accepting the price as low as RMB229/kg (USD31.8/kg) EXW D/P for tin solder Sn 99.3%min Cu 0.7%max today and sold about 0.5t to their regular client, who originally intended to purchase 1t, but purchased in batches due to few orders. Due to no inquiry, they didn't close any deal yesterday when they offered about RMB228/kg (USD31.7/kg) with no more concession. Dragged by dim market, they believed that the mainstream prices of Chinese tin solder would go down in the following days.
Based an annual production capacity of 1,000t, the company plans to produce about 15t this month, up by 2t MoM. They produced about 300t in 2023 and around 40t so far this year, holding an inventory of 5t now.
"We didn't receive any inquiry today. I called my clients today, and they all told me that they have no intention to replenish stocks at present because of few orders," another producer in Guangdong disclosed. They would like to sell at about RMB230/kg (USD31.9/kg) EXW D/P for tin solder Sn 99.3%min Cu 0.7%max today but didn't close any deal due to no inquiry. While they sold about 0.5t at RMB229/t (USD31.8/t) yesterday. Depressed by weak market demand, they estimated that the mainstream prices of Chinese tin solder would drop in the forthcoming days.
The producer, based on an annual production capacity of 300t. They plans to produce about 5t this month, on par with last month, holding no inventory currently. They produced about 100t in 2023 and around 20t this year to date.
