The prices of tin ingot in Europe up
2024-04-19 08:28:00 [Print]
BEIJING (Asian Metal) 19 Apr 24 - Although most downstream clients purchased from hand to mouth during the past week, most suppliers in Europe increased their prices today. The current mainstream prices of European tin ingot 99.95%min stand at USD33,700-33,800/t EXW 100% down, up by USD900/t from yesterday. As most suppliers hold bullish attitudes to the market, insiders predict that the mainstream prices of European tin ingot 99.95%min would go up further in the following days.
"We quote about USD33,700/t EXW 100% down for tin ingot 99.95%min and reused any lower price and sold around 2t this morning", a Germany-based trader added. As they didn't receive any firm bid, they didn't close any deal yesterday when they could consider accepting the price as low as USD32,800/t. Although most downstream clients purchased from hand to mouth, they still hold optimistic attitude to the market as tin has great consumption potential in new energy industry. Thus, they estimate that the mainstream prices of European tin ingot 99.95%min would move up in the following days.
With a typical monthly sales volume of around 100t, they expect to sell about 70t this month, down by 10t from last month. They hold no stock now.
Another trader in Germany disclosed, "We offer around USD33,800/t EXW 100% down for tin ingot 99.95%min without any concession today, up by around USD1,000/t from yesterday. However, we close no deal these two days due to no inquiry." While they last sold about 5t at about USD30,000/t early this month. In the first ten days of this month, their sales volume already reached the total sales volume of last month due to active purchases from downstream clients. But their sales volume dropped sharply since the beginning of this week because of the dim market. Even so, they have an upbeat outlook to the market and predict the mainstream prices of European tin ingot 99.95%min would go up in the forthcoming days.
The trader, based on a typical monthly sales volume of around 30t, estimates to sell about 30t this month, up by about 5t from last month, holding no inventory currently.
"We quote about USD33,700/t EXW 100% down for tin ingot 99.95%min and reused any lower price and sold around 2t this morning", a Germany-based trader added. As they didn't receive any firm bid, they didn't close any deal yesterday when they could consider accepting the price as low as USD32,800/t. Although most downstream clients purchased from hand to mouth, they still hold optimistic attitude to the market as tin has great consumption potential in new energy industry. Thus, they estimate that the mainstream prices of European tin ingot 99.95%min would move up in the following days.
With a typical monthly sales volume of around 100t, they expect to sell about 70t this month, down by 10t from last month. They hold no stock now.
Another trader in Germany disclosed, "We offer around USD33,800/t EXW 100% down for tin ingot 99.95%min without any concession today, up by around USD1,000/t from yesterday. However, we close no deal these two days due to no inquiry." While they last sold about 5t at about USD30,000/t early this month. In the first ten days of this month, their sales volume already reached the total sales volume of last month due to active purchases from downstream clients. But their sales volume dropped sharply since the beginning of this week because of the dim market. Even so, they have an upbeat outlook to the market and predict the mainstream prices of European tin ingot 99.95%min would go up in the forthcoming days.
The trader, based on a typical monthly sales volume of around 30t, estimates to sell about 30t this month, up by about 5t from last month, holding no inventory currently.
