Extreme tin shortages in the United States have catapulted the domestic premiums to their highest levels since Fastmarkets began these assessments, with the in-warehouse Baltimore and ddp Midwest US premiums jumping by 32.17% and 44% respectively in the past two weeks.
Desperate buyers anticipating shipping delays have paid whatever it takes to keep their operations going, Fastmarkets understands. US supply of tin is entirely imported, and there is almost none in the country, with not even one pound of tin available in the London Metal Exchange warehouses in the US.Fastmarkets' assessment of the tin 99.85% ingot premium, in-whs Baltimore was $700-820 per tonne on Tuesday January 12, up by...