Tin premiums were flat across the board in the week to Tuesday October 16, even with the threat of restricted supply from major tin producer Indonesia hanging over the market.
European premiums steady at 19-month low US premiums move sideways in slow market China premiums flat amid weak smelter demand European premiums hold ground despite production threat The premium for 99.9% standard grade tin ingot with 300ppm lead content in-warehouse was unchanged on Tuesday at $290-325 per tonne, maintaining its lowest level since March 2017 amid news that production from Indonesia, a key global tin producer, could be curtailed. Following the ongoing crackdown on illegal mining by the Indonesian government, key smelter inspector, PT Surveyor Indonesia, has reportedly been ordered to suspend operations, according to a release published by the Indonesia Commodity & Derivatives Exchange (ICDX). With Indonesian tin exports required to...