GLOBAL TIN WRAP: Premiums flat in all regions for tin ingots, though market players' eye spread of coronavirus

Contango has returned to the price of tin, but the spot markets have remained quiet on muted demand and uncertainty about the implications of the outbreak in China of novel coronavirus (2019-nCoV).

London Metal Exchange tin price still down from earlier in the year, with coronavirus spreading.Tin imports to China largely halted; premiums flat in Taiwan, too.United States sees modest spot trade over the two-week global assessment period.
Slack demand caps European premiums
Fastmarkets assessed the tin 99.9% ingot premium, in-whs Rotterdam, at $360-420 per tonne on Tuesday February 11, 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.
Against continuing poor demand for tin ingots across Europe, physical market participants continued to report little opportunity for spot business in recent weeks.

This came against the backdrop of volatility in the price of tin, 3-month, LME Daily Official, which has gone down by some $1,500 per tonne since trading at a year-to-date high of $17,900 per...

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