Supply flows unsettle European tin market
Rotterdam 99.9% tin premiums soften as demand weakens
China, US premiums flat
Tin premiums fall again in Europe
Premiums for standard 99.9% tin in Rotterdam retreated again this week on aggressively low offers below the $300 per tonne mark and softer demand at the start of the seasonally slow summer season.
The premium for 99.9% standard ingot grade with 300 parts per million (ppm) lead content fell to $300-340 per tonne in-warehouse Rotterdam on Tuesday from $320-350 a week ago.
The low-high range of market activity widened to $280-350 per tonne with an isolated trade reported as low as $285 per tonne, but most continue to see the spot market above $300 per tonne for now.
While the European market is well supplied with Indonesian, Malaysian, Bolivian and Chinese material, consumers are well covered and reluctant to build stocks at the...