Fastmarkets' tin premiums in the United States fell this week, with an indefinite strike at the world's fifth-largest tin producer unlikely to alleviate pressure of poor demand and oversupply, while weak buying appetite and supply uncertainties in Indonesia are capping spot business in Asia and Europe.
US premiums fall despite Minsur strike, demand in question European participants brace for summer months Asia tin stocks fall but demand weak US premiums under pressure, despite Peruvian strike US tin ingot premiums fell during the past week on surplus supply and low demand, a trajectory that is not expected to be immediately reversed by a tin strike at a major producer that was announced shortly after Fastmarkets published this week's assessments. Fastmarkets' price assessment for the Baltimore in-warehouse premium fell to $480-600 per tonne on Tuesday April 30, from $525-600 per tonne on Tuesday April 23. The delivered-US Midwest tin premium also fell to $545-650 per tonne on April 30, down from $585-665 per tonne. A strike at...