GLOBAL TIN WRAP: US Midwest tin premium edges higher amid reduced supply; poor demand caps European, Asian markets

The Midwest-delivered tin premium in the United States moved up this week against a continued draw on domestic supply in the region, while high availability of London Metal Exchange warrants and narrow import opportunities kept both European and Asian physical premiums flat.

US participants under less pressure to sell European traders wary of LME warrant build-up Quiet import market keeps Asian market steady US Midwest tin premium sees another uptick The US Midwest tin premium moved up again this week, reflecting reduced domestic supply, sellers under less pressure to move material and better demand compared with the third quarter of the year, market sources told Fastmarkets. Fastmarkets assessed the tin grade A min 99.85% ingot premium, ddp Midwest US at $520-610 per tonne on Tuesday October 22, widening upward by $35 per tonne from $520-575 per tonne on October 8. Meanwhile, the tin 99.85% ingot premium, in-whs Baltimore was assessed at $430-575 per tonne on Tuesday, unchanged from October 8, when it moved up from $400-550 per tonne. The previous assessment on October 8 marked the first time that US tin premiums had increased since August 27. Also since that date, the direction of tin prices...

Published

Hassan Butt

Violet Li

Orla O'Sullivan

October 24, 2019

10:40 GMT

London, New York, Shanghai