Tin premiums firmed in Europe and the United States on Tuesday February 13, after higher logistical costs and shipment delays squeezed regions with thin residual supply.
99.9% tin premiums hit one-year high in Rotterdam Higher freight costs inflate premiums in the US LME price spread backwardation continues to narrow from late-January highs European premiums for 99.9% purity tin ingots firmed to a one-year high after shipment lags from Indonesia continued to squeeze supply of physical metal. Premiums for "three-nines" tin basis in-warehouse Rotterdam rose to $360-400 per tonne on Tuesday from $320-360 last week. Market participants reported trades at and above the high end of the range but the bulk of deals remain below. A lack of available tonnage can be traced back...