GLOBAL TIN WRAP: European market questions US stock inflows, US sentiment improves, Asian premiums unchanged

Global tin premiums were steady in the week to Tuesday February 25, despite poor demand and with rising stock volatility turning the focus on delivery incentives amid a large inflow into LME warehouses in Los Angeles.

  • European market questions LA inflows
  • US sentiment improves
  • Asia demand in question
Fresh inflows puzzle European tin market; premiums steady
In Europe, Fastmarkets assessed the tin 99.9% ingot premium, in-whs Rotterdam, at $360-420 per tonne on Tuesday, unchanged since November 19 last year.
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.
Yet with physical market premiums steady, many market participants were blindsided by a fresh inflow of some 1,000 tonnes to LME-registered warehouses in Los Angeles last week, with stock volatility in the region uncommon.

“I see no sense in this [stock] move, and I...

Published

Hassan Butt

Violet Li

Orla O'Sullivan

February 26, 2020

18:41 GMT

London, New York, Shanghai