Meanwhile, the Asian and European markets were unchanged amid year-end illiquidity.
Lackluster activity weighs on US market
- Spot and long-term trades stagnate in the US amid weak demand.
- The 99.9% European tin premium holds at Oct 2018 low.
- Asian premiums hold steady.
Spot premiums for tin in the US declined this week after several market sources pegged the market at lower levels compared with two weeks ago, citing weak demand and few offers heard.
Fastmarkets assessed the tin 99.85% ingot premium, in-whs Baltimore
at $400-550 per tonne on Tuesday, down by $25-30 per tonne from $430-575 per tonne on December 3.
With freight costs holding fairly...