Suichang Huijin Nonferrous decreases tin ingot production
2024-03-19 08:25:31 [Print]
BEIJING (Asian Metal) 19 Mar 24 - Suichang Huijin Nonferrous Metals Co., Ltd., one of major tin ingot 99.95%min producers in East China, would increase the production of tin ingot to about 240t in March.
"We produced about 100t last month due to Spring Festival holiday. In March, we would increase the production to about 240t," claimed the source, adding that they would probably increase the production to about 300t next month.
Based on an annual production capacity of 3,000t of tin ingot, they totally produced about 2,700t in 2023 and around 450t so far this year, holding no inventory for the time being. They purchases tin scrap to produce tin ingot 99.95-99.98%min and sell to local electronics factories.
On Monday, the mainstream prices of tin ingot 99.95%min stand at RMB227,000-229,000/t (USD31,539-31,817/t) EXW 100% down in East China, up by about RMB4,000/t (USD556/t) from last Friday. Most supplier held bearish attitudes to the market due to dim market in spite of an increase in price today. Thus, insiders predicted that the mainstream prices of Chinese tin ingot would go down in the following days.
"We produced about 100t last month due to Spring Festival holiday. In March, we would increase the production to about 240t," claimed the source, adding that they would probably increase the production to about 300t next month.
Based on an annual production capacity of 3,000t of tin ingot, they totally produced about 2,700t in 2023 and around 450t so far this year, holding no inventory for the time being. They purchases tin scrap to produce tin ingot 99.95-99.98%min and sell to local electronics factories.
On Monday, the mainstream prices of tin ingot 99.95%min stand at RMB227,000-229,000/t (USD31,539-31,817/t) EXW 100% down in East China, up by about RMB4,000/t (USD556/t) from last Friday. Most supplier held bearish attitudes to the market due to dim market in spite of an increase in price today. Thus, insiders predicted that the mainstream prices of Chinese tin ingot would go down in the following days.
