Tin premiums paused at firm levels in Europe and the United States in the week to February 20, with the prospect of imminent shipments arriving from Indonesia fueling a more cautious tone.
99.9% tin premiums hold around one-year high in Rotterdam Indonesian exports on the rise; China closed for Lunar New Year holidays LME spread backwardation widens againEuropean premium stays around one-year highsThe tin premium for standard 99.9% purity tin ingots held around its highest for a year in Rotterdam this week, with shipments from Indonesia yet to reach Europe.The tin premium for 99.9% tin ingots with 300ppm lead content remained at $360-400 per tonne in-warehouse in Rotterdam, according to Metal Bulletin's assessment on February 20.Indonesian shipments are still problematic and delays have had a knock-on effect in restricting deliveries into the European market, creating a window of opportunity for sellers. But the market expects Indonesian shipments to ease supply concerns once they reach...