GLOBAL TIN WRAP: Premiums dip in Europe on approaching summer slowdown; broad stability in US, China persists

Tin premiums in Europe have softened over the week to Tuesday July 10 after dwindling demand began to take root over the summer period, while premiums in the United States and China held steady on abundant supply and minimal spot activity.

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...

Published

Perrine Faye

Hassan Butt

Michael Roh

Violet Li

July 11, 2018

17:46 GMT

London, Shanghai, New York