GLOBAL TIN WRAP: US premiums surge on LME price spike, short supply and improved demand
US tin premiums rose in the week to Tuesday November 17, buoyed by a surge in LME prices, tight supply and resurgent spot demand.
- US premiums climb for first time since Sept 22
- Price swings convince European market participants to adopt wait-and-see stance
- China market stagnant amid big discounts, scant import activity