Tin concentrate prices hold high

BEIJING (Asian Metal) 25 Dec 09 – With tin price going up further, tin concentrate market also went to a high level in China. Most producers hold offers high and expect the price to go up further in the following days.Asian Metal CopyrightA trader in Yunnan claimed that they just purchased around five tons of tin concentrate 60%min at RMB100,000t USD14,641t VAT excluded early this week, up by RMB1,000t USD146t compared to last week.Asian Metal Copyright It is sure that some local governments restrain the illegal mining and the supply may keep tight in the short term.Asian Metal Copyright“Tin concentrate market may go up further with the New Year coming nearer if more traders come for purchase,” said the source, who will keep watching the future market and continue to find favorable sources.Asian Metal Copyright If more traders come to make purchase with the New Year coming nearer, the price may go up further.

A producer in Guangxi with an output of 50tpm claimed that they hold less than two tons of stocks on hand and increased offers of tin concentrate 60%min by RMB1,000/t (USD146/t) to RMB107,000/t (USD15,666/t) ex works. According to the source, they kept receiving orders from customers and they are not worried about sales.Asian Metal Copyright According to the source, the supply of tin ore remains tight, and it is not easy to get the material.Asian Metal Copyright He also confirmed that local government restrains the illegal mining and the supply remains tight.Asian Metal Copyright If more traders come to make purchase with the New Year coming nearer, the price may go up further.Asian Metal Copyright

“We expect that tin concentrate price may go up further if more buyers come to the market,” said the source, who will keep watching the future market.

A trader in Yunnan claimed that they just purchased around five tons of tin concentrate 60%min at RMB100,000/t (USD14,641/t) VAT excluded early this week, up by RMB1,000/t (USD146/t) compared to last week. According to the source, the supply of tin ore remains tight, and it is not easy to get the material.Asian Metal CopyrightA trader in Yunnan claimed that they just purchased around five tons of tin concentrate 60%min at RMB100,000t USD14,641t VAT excluded early this week, up by RMB1,000t USD146t compared to last week.Asian Metal Copyright

“Tin concentrate market may go up further with the New Year coming nearer if more traders come for purchase,” said the source, who will keep watching the future market and continue to find favorable sources.