Well-stocked US tin customers ordered little material in the week ended Tuesday February 12, while in Europe available tin did not necessarily meet customers' specifications and most Chinese market participants were still away for the Lunar New Year public holiday, all factors keeping global premiums flat.
US solder-makers said to be facing weak demand, buying less tin Europe still grapples with the lack of higher-purity tin from Indonesia SHFE tin stocks down just 123 tonnes in a quiet trading week US premiums flat as ingots compete with tin scrap Tin ingot premiums were unchanged in the United States with sellers reporting few inquiries. Buyers are said to be well stocked and experiencing weak downstream demand. Fastmarkets' tin premium in-warehouse Baltimore was $550-625 per tonne on Tuesday February 12, unchanged week on week. The delivered US Midwest tin premium was similarly unchanged at $618-693 per tonne on Tuesday. Most players factor in an additional $65-$70 for transportation to the Midwest. One supplier said he sold less than a truckload of tin ingot at a premium of $800 a tonne to a near point within the US for a relatively small customer. Had it been a standard load and to...