Tin premiums were assessed flat across global markets, as slow spot trades kept European premiums unchanged, while steady supply and demand fundamentals in the United States and Asia kept premiums static in their respective markets.
Quiet European spot trades on weak euro, high London Metal Exchange pricesUS anticipates Indonesia volumesAsia premiums flat, fundamentals steady European premiums stabilize at four-month low in quiet marketThe premium for 99.9% tin in Europe stabilized at four-month low this week, as high imports from Indonesia, quiet trading conditions due to the weak euro and the high LME kept a lid on prices.The 99.9% standard ingot grade with 300 parts per million (ppm) lead content remained at $310-340 per tonne in-warehouse Rotterdam on Tuesday June 12. It is down 16% since May 8 when it reached a 16-month high near $400 per tonne."Business is very slow to nonexistent. Customers state tin prices are too high and [the] euro is too weak to stimulate interest," a tin trader said.The LME three-month tin contract rebounded in the past week...