GLOBAL TIN WRAP: US premium climbs amid reduced supply; Europe, Asia markets steady on slow demand

The US tin premium experienced an uptick for the first time in six weeks on Tuesday October 8, while Europe and China premiums remained stable.

Falling supply prompts US premium uptick European market eyes long-term contract negotiations China's absence for National Day holiday limits Asian tin premiums US tin premium tick up The tin premium ticked up in the United States. This reflected reduced domestic supply and buyers being more willing to accept higher premiums on lower metal prices and in the context of negotiations for 2020 contracts. Buyers and sellers both reported a $20-40 per tonne uptick, the first change in US tin-ingot premium for six weeks. Fastmarkets’ assessment for the Baltimore in-warehouse premium was $430-575 per tonne on Tuesday October 8, up from $400-550 per tonne on Tuesday September 24, a level that had held since August 27. Fastmarkets’ assessment for the same 99.85% grade-A ingots, delivered Midwest, was $520-575 per tonne on October 8, up from $495--575 per tonne on September 24. One supplier pointed to...

Published

Hassan Butt

Violet Li

Orla O'Sullivan

October 09, 2019

16:21 GMT

London, New York, Shanghai