Tin concentrate market slack in China
2014-06-18 09:56:04 [Print]
BEIJING (Asian Metal) 18 Jun 14 - Tin prices in China remained stable early this week, and tin concentrate market was still inactive with few deals concluded, Asian Metal reported.
A producer in Yunnan with an output of around 100tpm did not sell tin concentrate in the past two months due to low prices. “Consumers face high pressure of capital turnover and are not eager to make bulk purchases,” said the source, adding that tin concentrate market is in a stalemate. According to the source, tin concentrate 40%min prices in local area stayed at RMB108,000-109,000/t (USD17,561-17,724/t) VAT excluded on Tuesday, the same with those late last week.
The source said that Indonesia may cancel the export restrictions to tin solder, and supply concerns ease. “If tin futures on the LME continue to decline, tin and tin concentrate prices in China are likely to fall,” said the source, disclosing that they hold over 200t of tin concentrate in stock.
A trader in Guangxi with the sales volume of around 200tpm confirmed that tin concentrate market is inactive, and they do not conclude any deals in the first half of this month. “Tin concentrate prices in overseas countries are much higher than those in China, and domestic buyers still watch the market,” said the source, revealing that the mainstream prices of tin concentrate 60%min stood at RMB124,000-125,000/t (USD20,163-20,325/t) early this week, unchanged compared with those late last week.
The source said that tin prices keep falling, and some small-sized smelters suspend production due to negative profits. “Although tin demand shows no signs of getting better, I think the price may not tumble in the near term,” said the source, who holds no stock on hand.
A producer in Yunnan with an output of around 100tpm did not sell tin concentrate in the past two months due to low prices. “Consumers face high pressure of capital turnover and are not eager to make bulk purchases,” said the source, adding that tin concentrate market is in a stalemate. According to the source, tin concentrate 40%min prices in local area stayed at RMB108,000-109,000/t (USD17,561-17,724/t) VAT excluded on Tuesday, the same with those late last week.
The source said that Indonesia may cancel the export restrictions to tin solder, and supply concerns ease. “If tin futures on the LME continue to decline, tin and tin concentrate prices in China are likely to fall,” said the source, disclosing that they hold over 200t of tin concentrate in stock.
A trader in Guangxi with the sales volume of around 200tpm confirmed that tin concentrate market is inactive, and they do not conclude any deals in the first half of this month. “Tin concentrate prices in overseas countries are much higher than those in China, and domestic buyers still watch the market,” said the source, revealing that the mainstream prices of tin concentrate 60%min stood at RMB124,000-125,000/t (USD20,163-20,325/t) early this week, unchanged compared with those late last week.
The source said that tin prices keep falling, and some small-sized smelters suspend production due to negative profits. “Although tin demand shows no signs of getting better, I think the price may not tumble in the near term,” said the source, who holds no stock on hand.
Tin Conc. 60%min Delivered China
Unit:RMB/mtm
China tin concentrate producers' sales to production ratio statistics by province by month
Unit: %
