Global tin premiums were steady in the week to Tuesday February 25, despite poor demand and with rising stock volatility turning the focus on delivery incentives amid a large inflow into LME warehouses in Los Angeles.
European market questions LA inflows US sentiment improves Asia demand in question Fresh inflows puzzle European tin market; premiums steady
In Europe, Fastmarkets assessed the
tin 99.9% ingot premium, in-whs Rotterdam, at $360-420 per tonne on Tuesday, unchanged since November 19 last year.
The tin
99.9% low lead ingot premium, in-whs Rotterdam, was similarly unchanged on Tuesday, holding at $400-475 per tonne and flat since September 24.
Yet with physical market premiums steady, many market participants were blindsided by a fresh inflow of some 1,000 tonnes to LME-registered warehouses in Los Angeles last week, with stock volatility in the region uncommon.
"I see no sense in this [stock] move, and I...