The prices of Chinese tin scrap flat
2024-04-30 08:19:24 [Print]
BEIJING (Asian Metal) 30 Apr 24 - Due to stable prices of tin ingot, the current mainstream prices of tin scrap 90%min stand at RMB224-226/kg (USD30.9-31.2/kg) Ex-VAT EXW 100% down in Guangdong, in line with last Friday. As most downstream clients purchase actively, insiders predict that the mainstream prices of Chinese tin scrap would go up in the following days.
"We kept our quotation for tin scrap 90%min stable at about RMB226/kg (USD31.2/kg) Ex-VAT EXW 100% down with no more concession since last Friday," a trader in Guangdong disclosed. However, they didn't close any deal due to no goods ever since they last sold around 100kg at nearly RMB230/kg (USD31.7/kg) on last Thursday. As their clients purchased actively, they want to recycle more tin scrap for their clients to buy and estimate that the mainstream prices of Chinese tin scrap would go up in the following days.
The trader, based on a regular monthly trading volume of 2t, sold about 1.5t this month, up by about 0.5t from last month. They hold no inventory at present.
Another trader in Guangdong claimed, "We could consider accepting the price as low as RMB230/kg (USD31.7/kg) Ex-VAT EXW 100% down for tin scrap 95%min today but close no deal due to no inquiry." While they last sold about 300kg at the same price last Friday. They added that local smelters kept strong demand for tin scrap, resulting in increased sales volume this month. Driven by active purchases, they predict that the mainstream prices of Chinese tin scrap would move up in the forthcoming days.
With a regular monthly trading volume of 30t, the trader sold about 30t this month, up by 5t from last month, holding an inventory of 3t or so now.
"We kept our quotation for tin scrap 90%min stable at about RMB226/kg (USD31.2/kg) Ex-VAT EXW 100% down with no more concession since last Friday," a trader in Guangdong disclosed. However, they didn't close any deal due to no goods ever since they last sold around 100kg at nearly RMB230/kg (USD31.7/kg) on last Thursday. As their clients purchased actively, they want to recycle more tin scrap for their clients to buy and estimate that the mainstream prices of Chinese tin scrap would go up in the following days.
The trader, based on a regular monthly trading volume of 2t, sold about 1.5t this month, up by about 0.5t from last month. They hold no inventory at present.
Another trader in Guangdong claimed, "We could consider accepting the price as low as RMB230/kg (USD31.7/kg) Ex-VAT EXW 100% down for tin scrap 95%min today but close no deal due to no inquiry." While they last sold about 300kg at the same price last Friday. They added that local smelters kept strong demand for tin scrap, resulting in increased sales volume this month. Driven by active purchases, they predict that the mainstream prices of Chinese tin scrap would move up in the forthcoming days.
With a regular monthly trading volume of 30t, the trader sold about 30t this month, up by 5t from last month, holding an inventory of 3t or so now.
