Little improvement in tin concentrate market
2014-05-13 10:38:03 [Print]
BEIJING (Asian Metal) 13 May 14 - Tin prices in China become relatively stable, and tin concentrate market saw little improvement. Trading remained slow, Asian Metal reported.
A consumer in Hunan with the consumption of around 700-800tpm just purchased 100 metal tons of tin concentrate 60%min at RMB128,000/t (USD20,779/t) delivered this Monday, the same with late last week. “Most suppliers are reluctant to sell tin concentrate at current low prices, and domestic supply remains tight,” said the source, adding that smelters are experiencing financial pressures and rebuild stocks from hand to mouth.
The source said that some tin mines in China halt production due to safety and environmental checks, and traders still wait for high prices. “It is difficult for us to obtain the material, and we only have around 200t of tin concentrate in stock currently,” said the source, forecasting that tin and tin concentrate prices may continue to fluctuate narrowly in the near term.
Another consumer in Hunan with the consumption of around 100tpm confirmed that tin concentrate market remains slow in local place, and suppliers insist on high offers. “Most smelters start to suffer losses and are not interested in making bulk purchases of tin concentrate,” said the source, revealing that tin concentrate 70%min prices in local place stood at RMB117,000/t (USD18,994/t) VAT excluded this Monday, on a par with last week.
The source said that some smelters start to increase the purchasing volume of tin scrap due to high prices and tight supply of tin concentrate. “We hold around 200t of tin concentrate on hand and have no plan to rebuild stocks in the short term,” said the source, anticipating that tin prices may not go down in the following days.
A consumer in Hunan with the consumption of around 700-800tpm just purchased 100 metal tons of tin concentrate 60%min at RMB128,000/t (USD20,779/t) delivered this Monday, the same with late last week. “Most suppliers are reluctant to sell tin concentrate at current low prices, and domestic supply remains tight,” said the source, adding that smelters are experiencing financial pressures and rebuild stocks from hand to mouth.
The source said that some tin mines in China halt production due to safety and environmental checks, and traders still wait for high prices. “It is difficult for us to obtain the material, and we only have around 200t of tin concentrate in stock currently,” said the source, forecasting that tin and tin concentrate prices may continue to fluctuate narrowly in the near term.
Another consumer in Hunan with the consumption of around 100tpm confirmed that tin concentrate market remains slow in local place, and suppliers insist on high offers. “Most smelters start to suffer losses and are not interested in making bulk purchases of tin concentrate,” said the source, revealing that tin concentrate 70%min prices in local place stood at RMB117,000/t (USD18,994/t) VAT excluded this Monday, on a par with last week.
The source said that some smelters start to increase the purchasing volume of tin scrap due to high prices and tight supply of tin concentrate. “We hold around 200t of tin concentrate on hand and have no plan to rebuild stocks in the short term,” said the source, anticipating that tin prices may not go down in the following days.
Tin Conc. 60%min Delivered China
Unit:RMB/mtm
China tin concentrate producers' sales to production ratio statistics by province by month
Unit: %
