The London Metal Exchange tin price has fallen to a four-year low, and the sell-off has prompted somewhat different regional reactions in the week to Tuesday August 27.
Europe sees little buying despite low tin prices. Low LME price prompts some US buyers to return Limited arbitrage opportunities keep cif Shanghai tin at $230-250 per tonne European premiums static despite 12% price slump In Europe, Fastmarkets assessed the tin 99.9% ingot premium, in-whs Rotterdam at $380-430 per tonne on Tuesday, with the range keeping at its lowest level since November 2018. Tin's LME three-month price has fallen by over 12% over August, slipping to its lowest level since 2015 to $15,565 per tonne on August 27. The price weakness has been exacerbated by a 44% increase in LME tin stocks. LME tin inventory now sits at 6,970 tonnes, up from around 4,835 tonnes at the start of the month, with the bulk of fresh inflows delivered into warehouses in Port Klang and Singapore. Yet while the metal has exhibited its most intense sell-off in around half a decade,...