Chinese tin ingot prices drop
2024-03-27 08:28:11 [Print]
BEIJING (Asian Metal) 27 Mar 24 - The current mainstream prices of Chinese tin ingot 99.95%min stand at RMB221,000-223,000/t (USD30,616-30,893/t) EXW 100% down in China, down by RMB3,000/t (USD416/t) from yesterday. Although the prices of tin ingot decreased, most suppliers held positive views to the market. As a consequence, insiders predict that the mainstream prices of Chinese tin ingot would rebound in the forthcoming days.
A trader in Zhejiang disclosed, "We offered about RMB222,000/t (USD30,755/t) EXW 100% down for tin ingot 99.95%min and refused any lower price and sold about 20t this morning." While they quoted around RMB225,000/t (USD31,170/t) with no more concession yesterday and sold about 10t at such price. They hold a positive attitude to the market as the downstream clients purchased actively. Therefore, they predict that the mainstream prices of Chinese tin ingot would go up in the following days.
The trader, based on a regular monthly trading volume of 600t, predicts to sell about 700t this month, up by about 200t from last month. They hold about 100t of stocks now.
"We offered about RMB221,000/t (USD30,616/t) EXW 100% down for tin ingot 99.95%min without any bargaining today, down by about RMB2,500/t (USD346/t) from yesterday. We sold around 5t today and nearly 2t yesterday," another trader in Guangdong. Although the supply of tin ingot kept sufficient, the consumption would climb with the increase of operation rates from downstream clients. Thus, they estimate that the mainstream prices of Chinese tin ingot would rebound in the week to come.
With a regular monthly trading volume of 300t, the trader predicts to sell about 150t this month, up by 30t from last month, holding no inventory currently.
A trader in Zhejiang disclosed, "We offered about RMB222,000/t (USD30,755/t) EXW 100% down for tin ingot 99.95%min and refused any lower price and sold about 20t this morning." While they quoted around RMB225,000/t (USD31,170/t) with no more concession yesterday and sold about 10t at such price. They hold a positive attitude to the market as the downstream clients purchased actively. Therefore, they predict that the mainstream prices of Chinese tin ingot would go up in the following days.
The trader, based on a regular monthly trading volume of 600t, predicts to sell about 700t this month, up by about 200t from last month. They hold about 100t of stocks now.
"We offered about RMB221,000/t (USD30,616/t) EXW 100% down for tin ingot 99.95%min without any bargaining today, down by about RMB2,500/t (USD346/t) from yesterday. We sold around 5t today and nearly 2t yesterday," another trader in Guangdong. Although the supply of tin ingot kept sufficient, the consumption would climb with the increase of operation rates from downstream clients. Thus, they estimate that the mainstream prices of Chinese tin ingot would rebound in the week to come.
With a regular monthly trading volume of 300t, the trader predicts to sell about 150t this month, up by 30t from last month, holding no inventory currently.
