GLOBAL TIN WRAP: Europe at highest-ever premium; US, Asia hold at peaks [CORRECTED]

Tin supply is extremely tight worldwide, resulting in a tin cash price near 10-year highs and peak premiums in all global regions in the fortnight to Tuesday March 9.

After being relatively flat for a long time, European premiums made sudden jumpsTin from the government stockpile has offered no relief yet in the United StatesTaiwan's tin premium holds Premiums hit record high in 'extremely difficult' European tin mart
Fastmarkets assessed the tin 99.9% ingot premium, in-whs Rotterdam at $500-800 per tonne on Tuesday, its highest since Fastmarkets started tracking the price in 2009.
The price rose by 11.8% in the most recent fortnight, up from $400-500 per tonne after having risen by 22% in the previous fortnight.
The premium for low-lead content tin has more than doubled in two weeks and also hit its highest ever in Fastmarkets' assessment history, almost 1.5-times higher than its previous peak three years ago.

Fastmarkets' assessment of the tin 99.9% low lead ingot premium, in-whs Rotterdam was $850-1,000 per tonne on March 9, up considerably from...

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