European premiums flat amid sparse spot activity
US market exhibiting more typical trading conditions
Closed China import window keeps premiums firm
European premiums hold amid mixed market sentiment
Fastmarkets assessed the premium for 99.9% standard grade tin ingot, with 300ppm lead content on an in-warehouse Rotterdam basis, at $410-450 per tonne on Tuesday, unchanged after last week’s $10 drop.
Participants in the European tin market continue to indicate that demand remains stable amid consistent customer inquiries. Yet an ongoing lag in the full resumption of Indonesian exports after a six-month suspension of key inspector PT Surveyor Indonesia ended continues to distort the market.
This week, business was reported to Fastmarkets both above and below the current range, with some participants confident that private smelters in Indonesia – which are said to number around 20 facilities, predominantly in the Bangka Island region – could face barriers restarting operations.
While others are...