GLOBAL TIN WRAP: Premiums tick up in US; flat elsewhere on reduced incentive to trade

A reduced regional surplus supported the tin trade in the United States while European traders, eyeing a rising contango, held back from the market in the two weeks to Tuesday September 22.

  • Both tin premiums rise in the US, their first move in three months.
  • The London Metal Exchange tin price remains near a two-year high, but is not matched by physical demand in Europe.
  • China sees little trade, given a lack of arbitrage opportunities.

Tin ticks up in the US
Tin ingot premiums edged up in the US on Tuesday, making their first move since June 30 on a combination of reduced supply and rising freight costs.
Fastmarkets’ assessment of the tin 99.85% ingot premium, in-whs Baltimore, was $400-515 per tonne on September 22, widening upward from $400-500 per tonne on September 8.

Meanwhile, Fastmarkets’ assessed the tin grade A...


Anna Xu

Archie Hunter

Orla O'Sullivan

September 23, 2020

17:33 GMT

Shanghai, London, New York