Global tin premiums were stable in the two weeks to Tuesday September 8; a drop in the metal's three-month price on the London Metal Exchange did not drive spot buying, while volatile forward spreads, stagnant demand and supply concerns continued to limit business, Fastmarkets understands.
US market sees little evidence of a demand increaseFalling LME price fails to drive European businessImport arbitrage window closure keeps Shanghai premiums steadyWeak spot demand keeps US premiums flat
Tin ingot premiums held steady in the United States, absent much evidence of increased demand.
Spot trade remained limited in the two-week assessment period, including a traditional lull around the national Labor Day holiday on Monday September 7.
Fastmarkets' assessment of the
tin 99.85% ingot premium, in-whs Baltimore was $400-500 per tonne on September 8, unchanged since June 30.
Meanwhile, Fastmarkets assessed the
tin grade A min 99.85% ingot premium, ddp Midwest US at $450-540 per tonne on Tuesday, also unchanged from June 30.
One seller reported a slight increase in premiums of about $20 per tonne, but most market participants saw the selling range as unchanged, despite some lessening of supply in the US.