Slow trading in tin concentrate market
2014-03-06 09:29:40 [Print]
BEIJING (Asian Metal) 6 Mar 14 - Tin prices in China were still volatile, and tin concentrate market turned relatively stable with few deals concluded, Asian Metal reported.
A consumer in Yunnan with the consumption of around 300tpm reported that most local suppliers are hesitant to sell tin concentrate at the current low prices, and it is a little harder for consumers to obtain the material. “However, we hold over 700t of tin concentrate market and are not eager to make purchases,” said the source, revealing that tin concentrate 40%min price stood at RMB108,000/t (USD17,618/t) VAT excluded on Wednesday, the same with that late last week.
The source said that most smelters hold back from selling tin ingot, and many of them suffer losses. “I think tin concentrate market may not go down on the high production cost,” said the source.
A trader in Yunnan with the sales volume of around 200tpm offered tin concentrate 60%min at RMB126,500/t (USD20,636/t) on Wednesday, on a par with that in the previous day. “Tin prices keep fluctuating narrowly at a low level, and we are not in a hurry to liquidate stocks,” said the source, disclosing that they hold less than 100t of tin concentrate on hand.
The source said that suppliers insist on high offers for tin concentrate, while consumers sit on the sidelines. “The current prices are very close to the production cost and may not decline sharply in the short term,” added the source.
A consumer in Yunnan with the consumption of around 300tpm reported that most local suppliers are hesitant to sell tin concentrate at the current low prices, and it is a little harder for consumers to obtain the material. “However, we hold over 700t of tin concentrate market and are not eager to make purchases,” said the source, revealing that tin concentrate 40%min price stood at RMB108,000/t (USD17,618/t) VAT excluded on Wednesday, the same with that late last week.
The source said that most smelters hold back from selling tin ingot, and many of them suffer losses. “I think tin concentrate market may not go down on the high production cost,” said the source.
A trader in Yunnan with the sales volume of around 200tpm offered tin concentrate 60%min at RMB126,500/t (USD20,636/t) on Wednesday, on a par with that in the previous day. “Tin prices keep fluctuating narrowly at a low level, and we are not in a hurry to liquidate stocks,” said the source, disclosing that they hold less than 100t of tin concentrate on hand.
The source said that suppliers insist on high offers for tin concentrate, while consumers sit on the sidelines. “The current prices are very close to the production cost and may not decline sharply in the short term,” added the source.
Tin Conc. 60%min Delivered China
Unit:RMB/mtm
China tin concentrate producers' sales to production ratio statistics by province by month
Unit: %
