Chinese tin solder TCs unmoved
2024-03-21 08:04:33 [Print]
BEIJING (Asian Metal) 21 Mar 24 - The current mainstream TCs of Chinese tin solder Sn 99.3%min Cu 0.7%max stand at RMB6-7/kg (USD0.83-0.97/kg) EXW D/P, unchanged from yesterday. Most suppliers would like to hold their TCs stable in view of firm production cost in spite of weak market demand. Therefore, insiders predict that the mainstream prices of Chinese tin solder TCs would keep firm this week.
A producer in Guangdong disclosed, "Since this week, we only sold about 6t of tin solder Sn 99.3%min Cu 0.7%max at TC of around RMB6.5/kg (USD0.90/kg) EXW D/P this morning when we offered such price." Due to no inquiry, they didn't close any deal yesterday when the offered about the same TC. They expressed that the prices of raw materials decreased, leading to place order from our clients rather than demand improving. Given the firm production cost, they predict that the mainstream TCs of Chinese tin solder would stand steady in the following days.
With an annual production of 800t, the producer plans to produce about 40t this month, up by 25t from last month. They produced about 400t in 2023 and about 70t so far this year, holding an inventory of 50t now.
Another producer in Guangdong reported, "We sold around 3t and another 4t of tin solder Sn 99.3%min Cu 0.7%max at TC of around RMB6/kg (USD0.83/kg) EXW D/P with no more concession respectively these two days." They added that although they could close deal during the past two days, no single order exceeded 5t as most of our clients purchased from hand to mouth. They estimate that the mainstream TC of Chinese tin solder would remain stable supported by firm production cost in the following days.
Based an annual production of 3,000t, they expect to produce about 100t this month, up by about 20t from last month, holding no inventory at present. They produced about 1,800t in 2023 and about 250t this year to date.
A producer in Guangdong disclosed, "Since this week, we only sold about 6t of tin solder Sn 99.3%min Cu 0.7%max at TC of around RMB6.5/kg (USD0.90/kg) EXW D/P this morning when we offered such price." Due to no inquiry, they didn't close any deal yesterday when the offered about the same TC. They expressed that the prices of raw materials decreased, leading to place order from our clients rather than demand improving. Given the firm production cost, they predict that the mainstream TCs of Chinese tin solder would stand steady in the following days.
With an annual production of 800t, the producer plans to produce about 40t this month, up by 25t from last month. They produced about 400t in 2023 and about 70t so far this year, holding an inventory of 50t now.
Another producer in Guangdong reported, "We sold around 3t and another 4t of tin solder Sn 99.3%min Cu 0.7%max at TC of around RMB6/kg (USD0.83/kg) EXW D/P with no more concession respectively these two days." They added that although they could close deal during the past two days, no single order exceeded 5t as most of our clients purchased from hand to mouth. They estimate that the mainstream TC of Chinese tin solder would remain stable supported by firm production cost in the following days.
Based an annual production of 3,000t, they expect to produce about 100t this month, up by about 20t from last month, holding no inventory at present. They produced about 1,800t in 2023 and about 250t this year to date.
