The tin premium in United States fell further in the week to Tuesday May 28, with headwinds arising from the supply surplus, while premiums held steady in Europe and China amid illiquid markets.
Illiquid market renders flat premiums in EuropeChinese premiums flat while import window closedUS premiums dip on supply surplus, deals picking up Supply surplus in US pressurizes premiums Premiums in the US declined on the high end for tin ingots this week, with numerous sales reported toward the bottom half of the range, reflecting excess domestic supply and muted consumer demand.No sales were reported above $525 per tonne last week and business was lost at that level, although many market participants continue to indicate that the premiums' ceiling could go considerably higher, even up to $650 per tonne for small buyers receiving extended payment terms. Fastmarkets' assessment of the premium for 99.85% ASTM grade-A tin ingot, Baltimore in-warehouse, was at $450-575 per tonne on Tuesday May 28, down from $450-600 per tonne on Tuesday May 21. Fastmarkets' assessment of the premium for the same 99.85% grade-A...