Chinese tin ingot prices up
2024-04-09 08:21:45 [Print]
BEIJING (Asian Metal) 9 Apr 24 - The current mainstream prices of Chinese tin ingot 99.95%min stand at RMB232,000-234,000/t (USD32,074-32,350/t) EXW 100% down, up by RMB6,000/t (USD830/t) from last Wednesday. Even so, most downstream clients prefer to wait and see the market and predict that the mainstream prices of Chinese tin ingot would drop in the following days.
A trader in Shanghai says,"We would like to sell tin ingot 99.95%min at about RMB235,000/t (USD32,488/t) EXW 100% down with a concession of RMB1,000/t (USD138/t) today but didn't close any deal due to no inquiry". While they last sold around 5t at nearly RMB228,000/t (USD31,521/t) last Wednesday. Although the prices went up sharply today, the market saw quiet demand as most downstream clients held watchful attitudes. Therefore, they predict that the mainstream prices of Chinese tin ingot would go down within this week.
The trader, based on a regular monthly trading volume of 100t, predicts to sell about 100t this month, unchanged from last month. They hold about 8t of stocks now.
"We sell around 1t tin ingot 99.95%min today when we offer about RMB233,000/t (USD32,211/t) EXW 100% down with no more concession," another trader in Shanghai reveals. While they last sold about 8t at RMB227,000/t (USD31,383/t) last Wednesday. They added that most of their clients had no intention to purchase today given the prices went up significantly. In view of inactive purchases from downstream clients, they estimate that the mainstream prices of Chinese tin ingot would go down in the upcoming days.
With a regular monthly trading volume of 150t, the trader predicts to sell about 100t this month, unchanged from last month, holding an inventory of 10t currently.
A trader in Shanghai says,"We would like to sell tin ingot 99.95%min at about RMB235,000/t (USD32,488/t) EXW 100% down with a concession of RMB1,000/t (USD138/t) today but didn't close any deal due to no inquiry". While they last sold around 5t at nearly RMB228,000/t (USD31,521/t) last Wednesday. Although the prices went up sharply today, the market saw quiet demand as most downstream clients held watchful attitudes. Therefore, they predict that the mainstream prices of Chinese tin ingot would go down within this week.
The trader, based on a regular monthly trading volume of 100t, predicts to sell about 100t this month, unchanged from last month. They hold about 8t of stocks now.
"We sell around 1t tin ingot 99.95%min today when we offer about RMB233,000/t (USD32,211/t) EXW 100% down with no more concession," another trader in Shanghai reveals. While they last sold about 8t at RMB227,000/t (USD31,383/t) last Wednesday. They added that most of their clients had no intention to purchase today given the prices went up significantly. In view of inactive purchases from downstream clients, they estimate that the mainstream prices of Chinese tin ingot would go down in the upcoming days.
With a regular monthly trading volume of 150t, the trader predicts to sell about 100t this month, unchanged from last month, holding an inventory of 10t currently.
