European tin ingot prices up
2024-04-03 08:25:31 [Print]
BEIJING (Asian Metal) 3 Apr 24 - Due to tight supply, most tin ingot 99.95%min suppliers in Europe increased their prices today. The current mainstream prices of European tin ingot 99.95%min stand at USD27,800-27,900/t EXW 100% down, up by USD400/t from yesterday. As most downstream clients purchased actively caused by concerns that the price would continue to rise due to shortage of goods, insiders predict that the mainstream prices of European tin ingot 99.95%min would go up further in the coming week.
"We quote nearly USD27,900/t EXW 100% down for tin ingot 99.95%min with no more concession but failed to close any deal due to no firm bid", a trader in Switzerland disclosed. For the same reason, they didn't conclude any deal yesterday when they offered about USD27,450/t and refused any lower price. While they last sold around 2t at USD27,200/t late last month. Although they didn't close any deal during the past two days, they could receive 2-3 inquires every day since late last month, while they only received 2-3 inquires a week before that. As the supply from Indonesia, their biggest source of imports, still kept tight. They forecast the mainstream prices of European tin ingot 99.95%min would move up in the following days.
The trader, based on a regular monthly sales volume of around 20t, estimates to sell about 25t this month, up by about 5t from last month. They have an inventory of 5t currently.
Another trader in Spain disclosed,"We offer about USD27,800/t EXW 100% down for tin ingot 99.95%min and refused any lower price today and sold about 2t this morning." While they offered around USD27,400/t without concession yesterday but failed to close any deal due to no inquiry. Although most downstream clients purchased actively since late last month, they could not increase the monthly sales volume due to shortage supply from Indonesia. Thus, they predict the mainstream prices of European tin ingot 99.95%min would go up in the forthcoming days.
With a typical monthly sales volume of around 100t, they expect to sell about 60t this month, in line with last month, holding no inventory at the moment.
"We quote nearly USD27,900/t EXW 100% down for tin ingot 99.95%min with no more concession but failed to close any deal due to no firm bid", a trader in Switzerland disclosed. For the same reason, they didn't conclude any deal yesterday when they offered about USD27,450/t and refused any lower price. While they last sold around 2t at USD27,200/t late last month. Although they didn't close any deal during the past two days, they could receive 2-3 inquires every day since late last month, while they only received 2-3 inquires a week before that. As the supply from Indonesia, their biggest source of imports, still kept tight. They forecast the mainstream prices of European tin ingot 99.95%min would move up in the following days.
The trader, based on a regular monthly sales volume of around 20t, estimates to sell about 25t this month, up by about 5t from last month. They have an inventory of 5t currently.
Another trader in Spain disclosed,"We offer about USD27,800/t EXW 100% down for tin ingot 99.95%min and refused any lower price today and sold about 2t this morning." While they offered around USD27,400/t without concession yesterday but failed to close any deal due to no inquiry. Although most downstream clients purchased actively since late last month, they could not increase the monthly sales volume due to shortage supply from Indonesia. Thus, they predict the mainstream prices of European tin ingot 99.95%min would go up in the forthcoming days.
With a typical monthly sales volume of around 100t, they expect to sell about 60t this month, in line with last month, holding no inventory at the moment.
