European tin ingot suppliers hold positive attitudes to the market
2024-03-06 08:38:42 [Print]
BEIJING (Asian Metal) 6 Mar 24 - Driven by active purchases from downstream clients during the past week, most suppliers hold optimistic views to the market. The current mainstream prices of European tin ingot 99.95%min stand at USD26,500-26,600/t EXW 100% down, down by USD200/t from yesterday. As the market saw more orders, insiders predicted that the mainstream prices of European tin ingot 99.95%min would go up in the forthcoming days.
"As the export volume of Indonesia to the European market plummeted due to limited export quota, the market saw tight supply and most downstream clients purchased actively," a producer in Belgium noted. They offered about USD26,500/t EXW 100% down for tin ingot 99.95%min with no more concession today and sold about 20t. They sold around 15t at nearly USD26,700/t yesterday. They have more confidence to the market and predict that the mainstream prices of European tin ingot 99.95%min would move up this week to come.
The producer, with an annual production capacity of 10,000t for tin ingot, plans to produce about 800t in March, in line with last month, holding an inventory of 300t now. They produced about 8,500t in 2023 and 1,600t so far this year.
A trader in Germany noted, "We could receive more inquires since late last month and our sales volume would increase in March." They quoted about USD26,600/t EXW 100% down for tin ingot 99.95%min and refused any lower price and sold about 4t at such price today. While they offered about USD26,800/t with no more concession yesterday but failed to close any deal as the price from their client stood as high as USD26,700/t. They believed that the mainstream prices of European tin ingot would go up in the coming week.
With a typical monthly sales volume of around 100t, they estimate to sell around 80t this month, up by about 20t from last month. They hold about 10t of stocks for the time being.
"As the export volume of Indonesia to the European market plummeted due to limited export quota, the market saw tight supply and most downstream clients purchased actively," a producer in Belgium noted. They offered about USD26,500/t EXW 100% down for tin ingot 99.95%min with no more concession today and sold about 20t. They sold around 15t at nearly USD26,700/t yesterday. They have more confidence to the market and predict that the mainstream prices of European tin ingot 99.95%min would move up this week to come.
The producer, with an annual production capacity of 10,000t for tin ingot, plans to produce about 800t in March, in line with last month, holding an inventory of 300t now. They produced about 8,500t in 2023 and 1,600t so far this year.
A trader in Germany noted, "We could receive more inquires since late last month and our sales volume would increase in March." They quoted about USD26,600/t EXW 100% down for tin ingot 99.95%min and refused any lower price and sold about 4t at such price today. While they offered about USD26,800/t with no more concession yesterday but failed to close any deal as the price from their client stood as high as USD26,700/t. They believed that the mainstream prices of European tin ingot would go up in the coming week.
With a typical monthly sales volume of around 100t, they estimate to sell around 80t this month, up by about 20t from last month. They hold about 10t of stocks for the time being.
