Global tin premiums remained flat in the week ended Tuesday January 14, with European market participants maintaining lackluster demand against strong availability of ingots across the region, while both the domestic markets in both the United States and China have shown a slow pickup in demand to start the year.
Strong warrant availability cools European ingot demandUS market sentiment gains tractionDomestic demand weakens for Chinese tin market.
Strong availability, climbing price keeps European premiums steady
In Europe, Fastmarkets assessed the
tin 99.9% ingot premium, in-whs Rotterdam, at $360-420 per tonne on Tuesday, maintaining a range held since November 19.
The
tin 99.9% low lead ingot premium, in-whs Rotterdam, was similarly unchanged on Tuesday, holding at $400-475 per tonne and flat since September 24.
Physical market participants dealing in tin ingots across Europe maintained that strong availability and a lackluster pickup in demand at the start ofthe year has limited the spot-market liquidity in the region, while free-floating London Metal Exchange tin warrants continued to be available at low cost.
In addition, tin's three-month price on the...