Chinese tin concentrate suppliers hold bullish attitudes to the market
2024-04-08 08:20:04 [Print]
BEIJING (Asian Metal) 8 Apr 24 - As the downstream clients purchased actively and the supply of tin concentrate kept tight during the past week, most tin concentrate suppliers hold optimistic views to the market. The current mainstream prices of Chinese tin concentrate 60%min stand at RMB216,000-218,000/metal ton (USD29,863-30,140/metal ton) delivered D/P in China, in line with early last week. Due to limited raw materials, insiders predicted that the mainstream prices of Chinese tin concentrate would go up in the forthcoming days.
A trader in Hunan claims that they have a difficult in replenishing stocks as their supplier just resumed production with a very small output this month. "We have only one local mine and cannot meet the needs of downstream clients. We have to source supplies from other places to make up for it, but even so, the supply remains tight. As a result, the prices of tin concentrate would rise." They didn't quote today as they estimated that the prices would move up further. While they last sold about 15 metal tons of tin concentrate 60%min at nearly RMB216,000/metal ton (USD29,863/metal ton) delivered D/P on April 2nd. Due to limited supply, they predict that the mainstream prices of Chinese tin concentrate would go up in the following days.
The trader, based on a regular monthly trading volume of 200 metal tons, plans to sell about 60 metal tons this month, on par with last month. They hold around 20 metal tons of stocks now.
"Our production would halve this month due to limited raw materials. Most downstream clients call us every day for inquires, but we have no intention to sell as the prices would go up further," another producer in Yunnan says. Their downstream clients would like to purchase about 30 metal tons tin concentrate 60%min at nearly RMB216,000/metal ton (USD29,863/metal ton) delivered D/P today but they refused. While they last sold around another 30 metal tons at about RMB216,000/metal ton(USD29,863/metal ton) last Tuesday. They increase their stocks and anticipate that the mainstream prices of Chinese tin concentrate would go up in the upcoming days.
The producer, with an annual production capacity of 20,000 metal tons, would plan to produce about 300 metal tons in April, down by 300 metal tons from last month. They produced around 9,000 metal tons in 2023 and around 2,100 metal tons so far this year, holding an inventory of 2,000 metal tons for the time being.
A trader in Hunan claims that they have a difficult in replenishing stocks as their supplier just resumed production with a very small output this month. "We have only one local mine and cannot meet the needs of downstream clients. We have to source supplies from other places to make up for it, but even so, the supply remains tight. As a result, the prices of tin concentrate would rise." They didn't quote today as they estimated that the prices would move up further. While they last sold about 15 metal tons of tin concentrate 60%min at nearly RMB216,000/metal ton (USD29,863/metal ton) delivered D/P on April 2nd. Due to limited supply, they predict that the mainstream prices of Chinese tin concentrate would go up in the following days.
The trader, based on a regular monthly trading volume of 200 metal tons, plans to sell about 60 metal tons this month, on par with last month. They hold around 20 metal tons of stocks now.
"Our production would halve this month due to limited raw materials. Most downstream clients call us every day for inquires, but we have no intention to sell as the prices would go up further," another producer in Yunnan says. Their downstream clients would like to purchase about 30 metal tons tin concentrate 60%min at nearly RMB216,000/metal ton (USD29,863/metal ton) delivered D/P today but they refused. While they last sold around another 30 metal tons at about RMB216,000/metal ton(USD29,863/metal ton) last Tuesday. They increase their stocks and anticipate that the mainstream prices of Chinese tin concentrate would go up in the upcoming days.
The producer, with an annual production capacity of 20,000 metal tons, would plan to produce about 300 metal tons in April, down by 300 metal tons from last month. They produced around 9,000 metal tons in 2023 and around 2,100 metal tons so far this year, holding an inventory of 2,000 metal tons for the time being.
