- US tin imports close to nil; premium surges to new high
- Taiwan tin trade gets liquidity boost amid mounting interest
- European demand outweighs supply, with London Metal Exchange stocks drawn down
Massive jumps in US tin premiums
Tin premiums in the United States increased by at least 35% over the past two weeks, bringing Tuesday’s assessments to new record levels.
This marks the fourth consecutive assessment period in which US tin premiums have reached their highest point in Fastmarkets’ records. Fastmarkets began pricing the delivered premium in 2003 and the in-warehouse premium in late 2016. The premiums
first made Fastmarkets records on January 12.
A rally has been under way since December 1, 2020, driven by short supply, strong demand and disrupted shipments of an entirely imported commodity. Sources also pointed to sellers’ rising costs - particularly ocean freight, plus financing a widening backwardation on the London Metal...
