The tin premium in Europe fell to one-and-a-half-year lows on Tuesday September 18 due to significant exports from Indonesia and other producing countries over the summer, while premiums in the United States and China were stable.
Rotterdam 99.9% premium approaching multi-year low on oversupply US, China premiums flat while eyes turn to start of 2019 supply negotiations European tin premium drops on oversupply The premium for 99.9% tin in Europe fell this week to its lowest level since March 2017, weighed down by ample supply and destocking. The premium for 99.9% standard tin ingot grade with 300ppm lead content fell to $290-325 per tonne on Tuesday in-warehouse Rotterdam, from $290-335 per tonne a week prior. The midpoint had fallen as low as $300 per tonne in February 2017, which itself was a multi-year trough. "There is a bit of oversupply, hence why premiums are dropping," a tin trader...