GLOBAL TIN WRAP: Premiums slide in US, stable elsewhere

Demand for tin in the United States deteriorated further in the week to Tuesday December 17, resulting in weaker premiums for the material.

Meanwhile, the Asian and European markets were unchanged amid year-end illiquidity.
  • 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.

Lackluster activity weighs on US market
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...

Published

Archie Hunter

Violet Li

Orla O'Sullivan

December 18, 2019

08:43 GMT

London, Shanghai, New York