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...