GLOBAL TIN WRAP: Tin premiums flat, LME price dip fails to spur spot buying

August 13, 2020 / www.metalbulletin.com / Article Link

Tin premiums around the world were unchanged over the past fortnight, with a downtrend in LME futures prices failing to kickstart purchases from consumers, Fastmarkets heard.

European and Shanghai tin premiums flat LME price drops to $17,660 per tonne from one-year highs in July Spread tightness eases in the tin cash/three-month chart
Stagnant demand leaves European tin premiums steady
In Europe, Fastmarkets assessed the tin 99.9% ingot premium, in-whs Rotterdam at $325-400 per tonne on Tuesday, unchanged from last week.

Market participants dealing in the physical trade of tin ingots continue to indicate that demand conditions remain tepid, with little scope for spot business against fragile demand in the region, Fastmarkets heard.
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