Tin premiums seen lower in contracts for '06
Nov 11, 2005 | 10:31 AM
| Rory Carroll
U.S. tin premiums for 2006 contracts are expected to soften from this year's levels because of increased market competition, industry sources said recently.
Contracts will not be signed until early December, but based on negotiations thus far, premiums will likely be $400 to $450 per tonne for Grade A tin, several traders said. That's down from an average premium of around $500 a tonne in 2005 contracts.
The competition is coming from powerful new market entrants like trader Glencore Ltd., as well as smaller entities like new Indonesian smelters in East Timor, which are attempting to offer consumers bargain prices for next year in order to establish themselves in the market.....
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