Tin premiums for standard material were stable globally in the week ended Tuesday January 30 but the market is looking hungrier for Indonesian material and keenly awaiting exports to resume as expected in the coming days.
99.9% tin premiums stable in Europe and China but a bit higher in the United States Indonesian export permit renewal process still main focus Low-lead tin premiums a 4-yr highs on tightening supply Rotterdam 99.9% premiums stable, Singapore down slightly on higher LME prices The tin premium for 99.9% tin ingots with 300ppm lead content in-warehouse in Rotterdam remains at historically low levels, according to Metal Bulletin's assessment on January 30. The premium was stable in Europe at $310-340 per tonne although spot activity picked up amid supply tightness due to the lack of Indonesian exports and the end of the destocking phase seen since the start of the year. "It's a lot busier - after a very slow start of January, we had lots of inquiries this week. Licensing is very slow in Indonesia," a trader in Europe said. Several market participants have been caught short by the...