GLOBAL TIN WRAP: Taiwan, US tin premiums continue uptrend; Rotterdam premium spikes 22%

February 25, 2021 / www.metalbulletin.com / Article Link

Global tin ingot premiums notched significant increases in the two weeks to Tuesday February 23, with premiums in both the United States and Taiwan reaching new highs; at the same time, tight global tin supply has begun affecting European business, prompting a 22% rise in the Rotterdam ingot premium.

US tin imports close to nil; premium surges to new high Taiwan tin trade gets liquidity boost amid mounting interestEuropean demand outweighs supply, with London Metal Exchange stocks drawn downMassive jumps in US tin premiums
Tin premiums in the United States increased by at least 35% over the past two weeks, bringing Tuesday's assessments to new record levels.
This marks the fourth consecutive assessment period in which US tin premiums have reached their highest point in Fastmarkets' records. Fastmarkets began pricing the delivered premium in 2003 and the in-warehouse premium in late 2016. The premiums first made Fastmarkets records on January 12.

A rally has been under way since December 1, 2020, driven by short supply, strong demand and disrupted shipments of an entirely imported commodity. Sources also pointed to sellers' rising costs - particularly ocean freight, plus financing a widening backwardation on the London Metal...

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