GLOBAL TIN WRAP: Rotterdam, US premiums decline on easing supply tightness; Chinese market flat

Tin premiums in Europe and the United States declined in the week ended Tuesday May 15 due to the wider availability of Indonesia-origin material and weak appetite from buyers. In China, thin trading activity kept premiums there flat.

Rotterdam 99.9% premium hovers near one-month low Selling activity picks up in US Chinese premiums stable U-turn in European tin premiums, Indonesian exports sound retreat The premium for 99.9% tin in Europe retreated sharply from the $400-per-tonne mark it hit last week to trade around one-month lows, weighed down by a spike in Indonesian exports and a sudden drop in spot buying inquiries. The premium for 99.9% tin ingots with 300ppm lead content fell to $350-375 per tonne in-warehouse Rotterdam on Tuesday, from a 16-month high of $375-400 per tonne last week, basis the midpoint of the range. “Consumers are not in the market – it’s very disappointing but there is a lack of new business,” a trader said. “Since the start of the month, export licenses have been granted in Indonesia and although the material is not yet here, there’s been a lot of selling,” he...

Published

Millicent Dent

Perrine Faye

Violet Li

May 16, 2018

12:30 GMT

Shanghai