Monthly Tin Market Report Mar 2024
2024-04-07 08:23:13 【Print】
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1 Market Highlights
During the past month, although the government of Myanmar's Wa state exported part of its inventory of raw materials to China, the volume of exports was still less than normal. Most downstream clients purchased actively due to increasing operation rates and most suppliers of tin concentrate firmed the TCs stable. Therefore, the prices of tin concentrate increased this month.
As the market demand recovered gradually stimulated by positive policy in home appliance, the prices of tin ingot increased in general during the past month in spite of large social inventories; Indonesian government approved export quotas slowly, with only two smelters granted export quotas by the end of this month, leading to shortage of supply. Thus, the prices of in ingot increased rapidly in the international market.
Most suppliers of tin solder kept their TCs for promotion despite that the prices of raw materials moved up. Thus, the prices of tin solder increased slightly this month. Despite that the supply of raw materials still kept sufficient in the domestic market, the market saw more orders since late this month and most suppliers held optimistic views to the market.
During the past month, although the government of Myanmar's Wa state exported part of its inventory of raw materials to China, the volume of exports was still less than normal. Most downstream clients purchased actively due to increasing operation rates and most suppliers of tin concentrate firmed the TCs stable. Therefore, the prices of tin concentrate increased this month.
As the market demand recovered gradually stimulated by positive policy in home appliance, the prices of tin ingot increased in general during the past month in spite of large social inventories; Indonesian government approved export quotas slowly, with only two smelters granted export quotas by the end of this month, leading to shortage of supply. Thus, the prices of in ingot increased rapidly in the international market.
Most suppliers of tin solder kept their TCs for promotion despite that the prices of raw materials moved up. Thus, the prices of tin solder increased slightly this month. Despite that the supply of raw materials still kept sufficient in the domestic market, the market saw more orders since late this month and most suppliers held optimistic views to the market.
