GLOBAL TIN WRAP: Strong availability, firm LME price caps Europe premiums; US, China premiums firm

Global tin premiums remained flat in the week ended Tuesday January 14, with European market participants maintaining lackluster demand against strong availability of ingots across the region, while both the domestic markets in both the United States and China have shown a slow pickup in demand to start the year.

  • Strong warrant availability cools European ingot demand
  • US market sentiment gains traction
  • Domestic demand weakens for Chinese tin market.

Strong availability, climbing price keeps European premiums steady
In Europe, Fastmarkets assessed the tin 99.9% ingot premium, in-whs Rotterdam, at $360-420 per tonne on Tuesday, maintaining a range held since November 19.
The tin 99.9% low lead ingot premium, in-whs Rotterdam, was similarly unchanged on Tuesday, holding at $400-475 per tonne and flat since September 24.
Physical market participants dealing in tin ingots across Europe maintained that strong availability and a lackluster pickup in demand at the start of the year has limited the spot-market liquidity in the region, while free-floating London Metal Exchange tin warrants continued to be available at low cost.

In addition, tin’s three-month price on the...

Published

Hassan Butt

Violet Li

Orla O'Sullivan

January 15, 2020

20:15 GMT

London, New York, Shanghai