Gejiu Non-ferrous increases tin ingot production
2024-03-19 08:25:28 [Print]
BEIJING (Asian Metal) 19 Mar 24 - Gejiu Non-ferrous Metal Processing Co., Ltd., one of major tin ingot 99.95%min producers in Yunnnan, would expand production from 100t in February to about 200t in March.
"Due to Spring Festival holiday, we produced about 100t in February and would increase production to about 200t this month," the source from the company claimed, and they noted that they would probably produce about 200t next month.
With an annual production capacity of 10,000t for tin ingot, the company purchases tin concentrate 40%min to produce tin ingot 99.95%min. They mainly exported to Japan, produced about 3,000t of tin ingot in 2023 and about 400t so far this year, holding an inventory of about 10t currently.
The current mainstream prices of tin ingot 99.95%min stand at RMB227,000-229,000/t (USD31,539-31,817/t) EXW 100% down in Yunnan, up by about RMB4,000/t (USD556/t) from last Friday. Although the prices of tin ingot went up today, most supplier held bearish attitudes to the market due to dim market. Thus, insiders predicted that the mainstream prices of Chinese tin ingot would go down in the following days.
"Due to Spring Festival holiday, we produced about 100t in February and would increase production to about 200t this month," the source from the company claimed, and they noted that they would probably produce about 200t next month.
With an annual production capacity of 10,000t for tin ingot, the company purchases tin concentrate 40%min to produce tin ingot 99.95%min. They mainly exported to Japan, produced about 3,000t of tin ingot in 2023 and about 400t so far this year, holding an inventory of about 10t currently.
The current mainstream prices of tin ingot 99.95%min stand at RMB227,000-229,000/t (USD31,539-31,817/t) EXW 100% down in Yunnan, up by about RMB4,000/t (USD556/t) from last Friday. Although the prices of tin ingot went up today, most supplier held bearish attitudes to the market due to dim market. Thus, insiders predicted that the mainstream prices of Chinese tin ingot would go down in the following days.
