Yunnan Chengfeng increases tin ingot production
2024-04-04 07:24:27 [Print]
BEIJING (Asian Metal) 4 Apr 24 - Chengfeng Nonferrous Metal Co., Ltd., a large-sized tin ingot 99.95%min producer in Yunnan, would increase production to about 1,000t in April.
"We resumed production on March 4th with the output of 600t last month. We would plan to increase the production to around 1,000t in April gradually," the source from the company added, and they would keep the same production next month.
The producer, based on an annual production capacity of 20,000t for tin ingot, totally produced about 12,400t of tin ingot in 2023 and around 2,100t so far this year. They hold an inventory of 100t now.
On Wednesday, the mainstream prices of tin ingot 99.95%min stand at RMB226,000-228,000/t (USD31,238-31,515/t) EXW 100% down in Yunnan, up by RMB1,000/t (USD138/t) from yesterday. As most suppliers hold optimistic views to the market due to limited raw materials, insiders predict that the mainstream prices of Chinese tin ingot would go up in the forthcoming days.
"We resumed production on March 4th with the output of 600t last month. We would plan to increase the production to around 1,000t in April gradually," the source from the company added, and they would keep the same production next month.
The producer, based on an annual production capacity of 20,000t for tin ingot, totally produced about 12,400t of tin ingot in 2023 and around 2,100t so far this year. They hold an inventory of 100t now.
On Wednesday, the mainstream prices of tin ingot 99.95%min stand at RMB226,000-228,000/t (USD31,238-31,515/t) EXW 100% down in Yunnan, up by RMB1,000/t (USD138/t) from yesterday. As most suppliers hold optimistic views to the market due to limited raw materials, insiders predict that the mainstream prices of Chinese tin ingot would go up in the forthcoming days.
