Chinese tin solder market sees few deals
2024-04-11 08:00:15 [Print]
BEIJING (Asian Metal) 11 Apr 24 - Although most suppliers of tin solder still hold their TCs firm, the market witnesses few deals today as most downstream clients purchased from hand to mouth caused by high prices of raw materials. 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 the TCs stable in view of thin profits in spite of sluggish deals. Thus, insiders predict that the mainstream TCs of Chinese tin solder would remain stable in the following days.
"We close no deal these two days because the price of raw materials increase sharply. Our downstream clients complain that we raise prices maliciously. In fact, we keep the TC stable during the past week," a producer in Shenzhen stated. They would like to sell 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 since early this week. While they last sold about 1t at such price on Monday. Although the prices of raw materials tend to increase further, they have intention to keep their TC unchanged in view of thin profits and estimate that the mainstream TCs of Chinese tin solder would keep stable in the forthcoming days.
With an annual production capacity of 800t, the producer plans to produce around 30t this month, down by 20t from last month, holding no inventory now. They produced about 530t in 2023 and around 80t in Q1 this year.
Another producer in Shenzhen disclosed,"Most downstream clients stand on sidelines as the prices of tin ingot soar despite that we don't change our TC today." They could consider accepting the TC as low as RMB7/kg (USD0.97/kg) EXW D/P for tin solder Sn 99.3%min Cu 0.7%max today but close no deal due to no inquiry. While they sold about 3t at such price yesterday. Given the firm production cost, they would remain their TC steady and estimate that the mainstream TC of Chinese tin solder would keep flat in the forthcoming days.
The producer, based on an annual production capacity of 1,500t, plans to produce about 90t this month, in line with last month. They produced about 1,000t in 2023 and about 240t or so in Q1 this year, holding an inventory of 20t currently.
"We close no deal these two days because the price of raw materials increase sharply. Our downstream clients complain that we raise prices maliciously. In fact, we keep the TC stable during the past week," a producer in Shenzhen stated. They would like to sell 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 since early this week. While they last sold about 1t at such price on Monday. Although the prices of raw materials tend to increase further, they have intention to keep their TC unchanged in view of thin profits and estimate that the mainstream TCs of Chinese tin solder would keep stable in the forthcoming days.
With an annual production capacity of 800t, the producer plans to produce around 30t this month, down by 20t from last month, holding no inventory now. They produced about 530t in 2023 and around 80t in Q1 this year.
Another producer in Shenzhen disclosed,"Most downstream clients stand on sidelines as the prices of tin ingot soar despite that we don't change our TC today." They could consider accepting the TC as low as RMB7/kg (USD0.97/kg) EXW D/P for tin solder Sn 99.3%min Cu 0.7%max today but close no deal due to no inquiry. While they sold about 3t at such price yesterday. Given the firm production cost, they would remain their TC steady and estimate that the mainstream TC of Chinese tin solder would keep flat in the forthcoming days.
The producer, based on an annual production capacity of 1,500t, plans to produce about 90t this month, in line with last month. They produced about 1,000t in 2023 and about 240t or so in Q1 this year, holding an inventory of 20t currently.
