Chinese tin concentrate TCs stable
2024-03-19 08:25:25 [Print]
BEIJING (Asian Metal) 19 Mar 24 - The current mainstream TCs of Chinese tin concentrate 40%min stand at RMB14,000-15,000/metal ton (USD1,944-2,083/metal ton) delivered D/P; those for tin concentrate 60%min stand at RMB10,000-11,000/metal ton (USD1,389-1,528/metal ton) delivered D/P, both unchanged from late last week. Although the prices of tin concentrate increased, most suppliers of tin concentrate still held their TCs stable due to limited raw materials. Therefore, insiders predicted that the mainstream prices of Chinese tin concentrate TCs would keep flat within this week.
"We offered TC stable at around RMB10,500/metal ton (USD1,459/metal ton) delivered D/P for tin concentrate 60%min and refused any higher price since late last week," a trader in Guizhou reported. They didn't close any deal today and last Friday as they held back from selling. While they last sold around 60 metal tons at such price last Thursday and added that they regretted selling early for this deal. They would keep their TCs unchanged due to limited market supply and believed that the mainstream prices of Chinese tin concentrate TCs might keep stable in the coming week.
With a regular monthly sales volume of nearly 200 metal tons, they plan to sell about 150 metal tons this month, up by 50 metal tons from last month, holding around 1,000 metal tons of stocks now.
Another trader in Yunnan reported, "We could consider accepting the TC as high as RMB14,000/metal ton (USD1,944/metal ton) EXW D/P for tin concentrate 40%min since late last week. Although the prices of tin concentrate tend to increase further, we still insist on our TCs unchanged due to shortage of raw materials." They sold nearly 200 metal tons every day since last Tuesday at such price with no more concession. Given the reduction in imported volume from Myanmar, they estimated that the mainstream prices of Chinese tin concentrate TCs would keep stable in the forthcoming days.
Based on a typical monthly sales volume of nearly 2,000 metal tons, they plan to sell about 2,500 metal tons this month, up by about 500 metal tons from last month. They hold about 5,000 metal tons for the time being.
"We offered TC stable at around RMB10,500/metal ton (USD1,459/metal ton) delivered D/P for tin concentrate 60%min and refused any higher price since late last week," a trader in Guizhou reported. They didn't close any deal today and last Friday as they held back from selling. While they last sold around 60 metal tons at such price last Thursday and added that they regretted selling early for this deal. They would keep their TCs unchanged due to limited market supply and believed that the mainstream prices of Chinese tin concentrate TCs might keep stable in the coming week.
With a regular monthly sales volume of nearly 200 metal tons, they plan to sell about 150 metal tons this month, up by 50 metal tons from last month, holding around 1,000 metal tons of stocks now.
Another trader in Yunnan reported, "We could consider accepting the TC as high as RMB14,000/metal ton (USD1,944/metal ton) EXW D/P for tin concentrate 40%min since late last week. Although the prices of tin concentrate tend to increase further, we still insist on our TCs unchanged due to shortage of raw materials." They sold nearly 200 metal tons every day since last Tuesday at such price with no more concession. Given the reduction in imported volume from Myanmar, they estimated that the mainstream prices of Chinese tin concentrate TCs would keep stable in the forthcoming days.
Based on a typical monthly sales volume of nearly 2,000 metal tons, they plan to sell about 2,500 metal tons this month, up by about 500 metal tons from last month. They hold about 5,000 metal tons for the time being.
