Chinese tin concentrate TCs move up
2024-04-18 08:20:04 [Print]
BEIJING (Asian Metal) 18 Apr 24 - As the prices of tin ingot increased significantly during the past week, most suppliers of tin concentrate increased their TCs correspondingly. The current mainstream TCs of Chinese tin concentrate 60%min stand at RMB10,000-12,000/metal ton (USD1,381-1,658/metal ton) delivered D/P, up by RMB1,000/metal ton (USD138/metal ton) from late last week. As the prices of tin ingot have an upwards trend and most downstream clients purchase from hand to mouth, most of suppliers could consider accepting higher TCs. Therefore, insiders predict that the mainstream prices of Chinese tin concentrate TCs might increase in the following days.
A trader in Jiangxi disclosed, "Our quotation of TC for tin concentrate 60%min stand stable at about RMB11,000/metal ton (USD1,428/metal ton) delivered D/P since early this week, up by RMB500/metal ton (USD/69metal ton) from late last week." They sold around 20 metal tons at TC of RMB11,000/metal ton (USD1,519/metal ton) on Tuesday and sold around another 20 metal tons at TC of RMB10,500/metal ton (USD1,450/metal ton) on last Friday respectively. They satisfied with current prices of tin ingot. However, most downstream clients purchase from hand to mouth. Therefore, they don't mind raising TC to boost sales volume and estimate that the mainstream prices of Chinese tin concentrate TCs would go up in the forthcoming days.
Based on a typical monthly sales volume of nearly 600 metal tons, they expect to sell about 200 metal tons this month, unchanged from last month, holding an inventory of 100 metal tons now.
"We increase our TC to around RMB12,000/metal ton (USD1,658/metal ton) delivered D/P for tin concentrate 60%min this week, up by RMB1,000/metal ton (USD138/metal ton) from late last week," another trader in Hunan added. They sold around 30 metal tons at TC of RMB12,000/metal ton (USD1,658/metal ton) on Monday and nearly 10 metal tons at TC of RMB11,000/metal ton (USD1,519/metal ton) on last Friday respectively. As they hold bullish attitude to the market, they have willingness to transfer of their profits to downstream clients. Thus, they predict that the mainstream prices of Chinese tin concentrate TCs might increase in the coming week.
With a regular monthly sales volume of nearly 200 metal tons, they predict to sell about 100 metal tons this month, on par with last month. They hold around 50 metal tons of stocks currently.
A trader in Jiangxi disclosed, "Our quotation of TC for tin concentrate 60%min stand stable at about RMB11,000/metal ton (USD1,428/metal ton) delivered D/P since early this week, up by RMB500/metal ton (USD/69metal ton) from late last week." They sold around 20 metal tons at TC of RMB11,000/metal ton (USD1,519/metal ton) on Tuesday and sold around another 20 metal tons at TC of RMB10,500/metal ton (USD1,450/metal ton) on last Friday respectively. They satisfied with current prices of tin ingot. However, most downstream clients purchase from hand to mouth. Therefore, they don't mind raising TC to boost sales volume and estimate that the mainstream prices of Chinese tin concentrate TCs would go up in the forthcoming days.
Based on a typical monthly sales volume of nearly 600 metal tons, they expect to sell about 200 metal tons this month, unchanged from last month, holding an inventory of 100 metal tons now.
"We increase our TC to around RMB12,000/metal ton (USD1,658/metal ton) delivered D/P for tin concentrate 60%min this week, up by RMB1,000/metal ton (USD138/metal ton) from late last week," another trader in Hunan added. They sold around 30 metal tons at TC of RMB12,000/metal ton (USD1,658/metal ton) on Monday and nearly 10 metal tons at TC of RMB11,000/metal ton (USD1,519/metal ton) on last Friday respectively. As they hold bullish attitude to the market, they have willingness to transfer of their profits to downstream clients. Thus, they predict that the mainstream prices of Chinese tin concentrate TCs might increase in the coming week.
With a regular monthly sales volume of nearly 200 metal tons, they predict to sell about 100 metal tons this month, on par with last month. They hold around 50 metal tons of stocks currently.
