The spot tin market is reportedly slow in all regions despite talk of forthcoming production cuts to tackle excess supply.
99.9% European tin premium declines for the first time in five months Trade in the United States holds in range but some say floor is moving lower Asian premiums hold in thin tradeEuropean premiums decline on excess supply, soft demandFastmarkets' tin 99.9% ingot premium, in-whs Rotterdam, was $360-420 per tonne on Tuesday November 19, down 2.5% at the midpoint from $380-440 per tonne when the price was previously assessed two weeks ago. This was its first decline since June 25.Strong availability of free-floating Metal Exchange warrants and continued uncertainty about the outright price and underlying fundamentals have discouraged prospective buyers.On-warrant tin stock on the London Metal Exchange remains is ample at 5,805 tonnes; traders, unable to find a premium for 99.9% ingots in the physical market, are delivering onto the exchange as a market of last resort.The bottom end of Fastmarkets' premium range has now fallen to...