GLOBAL TIN WRAP: Dull spot demand keeps US, Europe and China premiums flat

Tin premiums were unchanged across the board in the week to Tuesday November 28, with sources citing decreased demand in some regions caused by the annual winter slump in the northern hemisphere and the holiday season slowdown.

  • US and European markets seasonally quiet
  • Sluggish demand keeps Chinese premiums flat
  • Impact of heavy rains in Indonesia and the Mount Agung volcano eruption being closely watched 
US and EU premiums stable in weak market
The US in-warehouse Baltimore tin premium again remained flat at $450-525 per tonne, on low demand stemming from the holiday season and a lack of business activity.
“Nothing is going on. It’s very quiet,” a US-based trader said.

Sellers reported that many consumers have accepted long-term supply contracts for 2018 with higher premiums than for...

Published

Echo Ma

Millicent Dent

Justin Yang

November 29, 2017

17:43 GMT

New York London Shanghai