Tin premiums in Europe ticked higher again in the week to Tuesday May 8 on the back of a temporary supply crunch, which resulted from the halt in exports from Indonesia at the start of the quarter.
Shipments have now resumed and material is already on its way to consuming regions including Europe and the United States, but it arrives later this month and supply is getting tighter meaning premiums could increase even further, according to traders. Indonesian exports resume with ICDX volume spiking in May Premium in Rotterdam at 16-month highs US, China premiums stable Tin premium touches $400/t in Europe for first time in 16 months The premium for 99.9% tin rose slightly further to touch the $400 per tonne mark for the first time since January 2017 due to a lack of spot availability until vessels arrive from Indonesia in a few weeks' time. The premium for 99.9% tin ingots with 300ppm lead content rose to $375-400 per tonne in-warehouse Rotterdam on Tuesday May 8 from $360-395...