GLOBAL TIN WRAP: Premiums stay high but rebound in Indonesian exports fuels cautious tone

By Millicent Dent / February 21, 2018 / www.metalbulletin.com / Article Link

Tin premiums paused at firm levels in Europe and the United States in the week to February 20, with the prospect of imminent shipments arriving from Indonesia fueling a more cautious tone.

99.9% tin premiums hold around one-year high in Rotterdam Indonesian exports on the rise; China closed for Lunar New Year holidays LME spread backwardation widens againEuropean premium stays around one-year highsThe tin premium for standard 99.9% purity tin ingots held around its highest for a year in Rotterdam this week, with shipments from Indonesia yet to reach Europe.The tin premium for 99.9% tin ingots with 300ppm lead content remained at $360-400 per tonne in-warehouse in Rotterdam, according to Metal Bulletin's assessment on February 20.Indonesian shipments are still problematic and delays have had a knock-on effect in restricting deliveries into the European market, creating a window of opportunity for sellers. But the market expects Indonesian shipments to ease supply concerns once they reach...

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