GLOBAL TIN WRAP: Premiums tick up in US; flat elsewhere on reduced incentive to trade

A reduced regional surplus supported the tin trade in the United States while European traders, eyeing a rising contango, held back from the market in the two weeks to Tuesday September 22.

Both tin premiums rise in the US, their first move in three months.The London Metal Exchange tin price remains near a two-year high, but is not matched by physical demand in Europe.China sees little trade, given a lack of arbitrage opportunities.
Tin ticks up in the US
Tin ingot premiums edged up in the US on Tuesday, making their first move since June 30 on a combination of reduced supply and rising freight costs.
Fastmarkets' assessment of the tin 99.85% ingot premium, in-whs Baltimore, was $400-515 per tonne on September 22, widening upward from $400-500 per tonne on September 8.

Meanwhile, Fastmarkets' assessed the tin grade A...

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