Rui Da Hung decreases tin ingot production
2024-04-16 08:26:21 [Print]
BEIJING (Asian Metal) 16 Apr 24 - Rui Da Hung Co., Ltd., one of major tin ingot 99.95%min producers in Taiwan, would decrease the output to about 60t this month.
"Due to limited raw materials, we would decrease the production to around 60t of tin ingot, down by nearly 10t from last month," the source from the company mentioned. They reported that they would probably keep the same production next month.
The producer, with an annual production capacity of 1,000t for tin ingot, purchases tin scrap and tin concentrate to produce tin ingot 99.95%min and sells to Japan. They produced about 700t of tin ingot in 2023 and about 190t in Q1 this year. They almost have no inventory currently.
On Monday, the mainstream prices of tin ingot 99.95%min stand at USD32,500-32,600/t EXW 100% down in Taiwan, up by about USD650/t from last Friday. Due to shortage of supply in overseas market, most suppliers of tin ingot hold bullish attitudes to the market. Thus, insiders predicted that the mainstream prices of Chinese tin ingot would go up in the following days.
"Due to limited raw materials, we would decrease the production to around 60t of tin ingot, down by nearly 10t from last month," the source from the company mentioned. They reported that they would probably keep the same production next month.
The producer, with an annual production capacity of 1,000t for tin ingot, purchases tin scrap and tin concentrate to produce tin ingot 99.95%min and sells to Japan. They produced about 700t of tin ingot in 2023 and about 190t in Q1 this year. They almost have no inventory currently.
On Monday, the mainstream prices of tin ingot 99.95%min stand at USD32,500-32,600/t EXW 100% down in Taiwan, up by about USD650/t from last Friday. Due to shortage of supply in overseas market, most suppliers of tin ingot hold bullish attitudes to the market. Thus, insiders predicted that the mainstream prices of Chinese tin ingot would go up in the following days.
