Tin premiums were stable across global markets amid quiet trading conditions, while high outflows from Indonesia continue to keep market sentiment bearish.
High inflows from Indonesia continue to keep market sentiment bearish, while sufficient supply and a weakening euro are keeping premiums flat across the board. Europe keeps steady amid quiet trading SHFE tin stocks rally 8% week on week US premiums flat on healthy supply and demandEuropean premiums unchanged as market lacks fresh directionThe premium for 99.9% tin in Europe, assessed at $310-340 per tonne in-warehouse Rotterdam on Tuesday June 19, kept stable for the third straight week, holding at near five-month lows after record exports from Indonesia last month, but now lacks direction in quieter trading conditions.The premium reached a 16-month high near $400 per tonne in early May and is now at its lowest since the end of January.Spot demand in Europe has fallen due to weakness in the euro, which makes dollar-denominated tin expensive to purchase. The...