Tin ticks up in the US
- 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 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...