GLOBAL TIN WRAP: Premiums flat in all regions but some signs ofimproving demand

January 30, 2020 / www.metalbulletin.com / Article Link

The spot markets for tin were quiet in the United States and Europe in the week ended Tuesday January 28, and especially in Asia, because of the holiday for the lunar new year which began on January 25 and has been extended into February because of the outbreak of a coronavirus infection in China.

London Metal Exchange tin price falls sharply on coronavirus concerns in Asia, where markets are closed for the Chinese new year.Trade in the United States stays mostly in range.February orders up in Europe, but premiums flat.
US premiums flat, though tin price falls
Tin ingot premiums were unchanged in the United States on January 28, amid limited spot trading in a two-week assessment period that saw the tin price on the London Metal Exchange fall in reaction to the worsening threat from a coronavirus outbreak in China.

"Other than tin being down [by] $1,200 per tonne in one week on the LME, there's not much to report," one trader said on January 27, when the price of tin, three months,...

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