Tin premiums hold despite fall in LME price
Apr 24, 2012 | 02:46 PM
| Chris Prentice
Tags
tin premiums,
tin prices,
LME
NEW YORK — Delivered premiums on Grade A tin are unchanged despite a recent drop-off in exchange prices and sluggish demand during the second quarter of 2012.
Spot premiums continue to trade between $650 and $750 per tonne, where they have hovered since August, traders, produers and consumers told AMM Monday.
Tin prices on the London Metal Exchange have been steadily falling since early February. Three-month tin settled at $21,400 per tonne in official trading Tuesday, down from a 2012 high of $25,700 per tonne in February. Cash tin prices settled at $21,390 per tonne Tuesday.....
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