Huichang Xiaoshan decreases tin ingot production
2024-04-11 08:00:10 [Print]
BEIJING (Asian Metal) 11 Apr 24 - One of major tin ingot 99.95%min producers in Jiangxi, Huichang Xiaoshan Tin Co., Ltd., would reduce the production of tin ingot to about 220t in April.
"As we suspended production for 4 days earlier this month due to the holiday, we would decrease the production to about 220t in April, down by around 80t from last month," the source from the company disclosed, and they noted that they would possibly produce about 300t next month.
They produced around 2,300t of tin ingot in 2023 and nearly 630t so in Q1 this year, holding no inventory currently. With an annual production capacity of 6,000t, the producer purchases tin concentrate 40%min to produce tin ingot 99.95%min. They sell tin ingot to their own tin solder plant.
On Wednesday, the mainstream prices of tin ingot 99.95%min stand at RMB245,000-246,000/t (USD33,882-34,158/t) EXW 80% down in Jiangxi, up by RMB8,000/t (USD1,106/t) from yesterday. Although most downstream clients purchase from hand to mouth as the many suppliers increased their prices sharply, insiders predict that the mainstream prices of Chinese tin ingot would go up tomorrow due to bullish attitudes.
"As we suspended production for 4 days earlier this month due to the holiday, we would decrease the production to about 220t in April, down by around 80t from last month," the source from the company disclosed, and they noted that they would possibly produce about 300t next month.
They produced around 2,300t of tin ingot in 2023 and nearly 630t so in Q1 this year, holding no inventory currently. With an annual production capacity of 6,000t, the producer purchases tin concentrate 40%min to produce tin ingot 99.95%min. They sell tin ingot to their own tin solder plant.
On Wednesday, the mainstream prices of tin ingot 99.95%min stand at RMB245,000-246,000/t (USD33,882-34,158/t) EXW 80% down in Jiangxi, up by RMB8,000/t (USD1,106/t) from yesterday. Although most downstream clients purchase from hand to mouth as the many suppliers increased their prices sharply, insiders predict that the mainstream prices of Chinese tin ingot would go up tomorrow due to bullish attitudes.
