GLOBAL TIN WRAP: Premiums hit year-high in Europe on Indonesian export troubles, freight lags

Tin premiums firmed in Europe and the United States on Tuesday February 13, after higher logistical costs and shipment delays squeezed regions with thin residual supply.

99.9% tin premiums hit one-year high in Rotterdam  Higher freight costs inflate premiums in the US  LME price spread backwardation continues to narrow from late-January highs European premiums for 99.9% purity tin ingots firmed to a one-year high after shipment lags from Indonesia continued to squeeze supply of physical metal. Premiums for “three-nines” tin basis in-warehouse Rotterdam rose to $360-400 per tonne on Tuesday from $320-360 last week. Market participants reported trades at and above the high end of the range but the bulk of deals remain below. A lack of available tonnage can be traced back...

Published

Echo Ma

Tom Jennemann

Archie Hunter

February 14, 2018

12:04 GMT

London, Shanghai, New York