US and EU premiums stable in weak market
- 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
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...