Global tin premiums in the week to Tuesday October 6 were unchanged, supported by a persistent contango across the London Metal Exchange benchmark cash/three-month spread for tin, while a steady uptick in Chinese buying interest saw European sellers take a closer look at arbitrage opportunities against a static domestic market.
China's buying activity attracts European sellersCash/3-month spread holds in contangoRising supply, freight costs keep US market quiet.As a result, the tin 99.9% ingot premium, in-whs Rotterdam, was assessed at $325-400 per tonne on October 6, unchanged since July 14....