Global tin premiums remained unchanged on Tuesday September 10 due to a climbing three-month London Metal Exchange tin price which has hampered spot liquidity, while weak demand and stagnant market conditions have capped premiums in the United States and Asia.
Elevated price deters European buyers US markets stabilize while buyers return Production cuts combat weak supply/demand in China European premiums steady amid climbing LME price, weak demand In Europe, Fastmarkets assessed the tin 99.9% ingot premium, in-whs Rotterdam at $380-430 per tonne on Tuesday, staying at its lowest level since November 2018. Participants have been closely watching tin's three-month price on the LME. The metal has staged a recovery from a sell-off at the end of August that caused the price to reach a four-year low of $15,565 per tonne on August 27. Since then, the outright metal price has appreciated by 11.6%, reaching an intraday high of $17,380 per tonne on Wednesday, largely due to production cuts from key tin smelters in China. A group of 14 refined tin smelters in China announced on September 5 that it will curtail 20,200 tonnes of combined production, Fastmarkets reported earlier.This...