Tin ingot premiums in the United States have decreased slightly for the first time since the start of 2021 together with those in Taiwan, while in Europe, the all-time highs seen for the past two months held on as the supply tightness in the region persisted.
US offers, deals still broadly around $4,000 per tonne despite imminent arrival of cargoes. Taiwan premiums fall after "hoarding" of ingot.Three-month London Metal Exchange price eases to $33,100 per tonne on Wednesday August 25 from $35,000 per tonne and above last week. Cash/three-month backwardation - previously around $1,000 per tonne - was at $460 per tonne on Wednesday. LME tin stock levels at 1,660 tonnes, lowest since June 6. US tin buyers' ship comes in, premiums declineWhile that tin is out of reach for the US - the stock is being housed in LME facilities in Singapore and Taiwan - its global availability is reducing the...