Premiums for tin ingots in Europe and the United States continued their rise to new highs in the fortnight to June 29, with freight and trucking costs and delays still the main issue pressuring premiums upward, sources told Fastmarkets.
Premiums in Asia were stable, with the high London Metal Exchange price diverting participants away from the spot market. China's Yunnan Tin, the world's largest tin producer, began its annual maintenance period on June 24 - due to last up to 45 days, the International Tin Association said. A surge of Covid-19 cases in countries like Malaysia and Indonesia has become a worry for Western markets. The LME three-month price of tin reached an intraday high of $31,695 per tonne on Wednesday, the highest level since the metal's year-to-date peak of $31,850 per tonne from June 14. European tin premiums reach new all-time highsFastmarkets assessed the tin 99.9% ingot premium, in-whs Rotterdam at...