Global tin premiums barely moved this week on a lack of spot business between the Easter and Tomb Sweeping holidays, but a slight uptrend remained in place amid tightening supply from key exporter Indonesia.
Most of Europe had a long weekend at the start of the month for Easter, with some prolonging the break to a week while China has also been slow ahead of the Tomb Sweeping festival on April 5-6.Members of the tin industry will gather in Budapest on April 23-25 at the International Tin Association's conference to discuss market fundamentals and price prospects. Indonesian exports at 16-mth low in MarchPremiums up slightly in Europe, stable elsewhereSpot demand picking up in peak Q2 period Rotterdam tin premiums a touch firmerThe tin premium for standard purity firmed further in Rotterdam this week in anticipation of continued low exports from Indonesia over the next couple of months.The premium for 99.9% tin ingots with 300ppm lead content rose at the bottom end to $350-375 per tonne in-warehouse Rotterdam on Tuesday April 3 from $340-375 a week prior."There is supply tightness but...