Tin premiums hold amid limited activity
Sep 25, 2012 | 02:51 PM
| Chris Prentice
Tags
tin premiums,
London Metal Exchange,
backwardation,
Chris Prentice
NEW YORK — U.S. tin premiums have failed to move over the past two weeks, although some sources reported transactions below average market levels.
Market sources reported limited but "steady" activity in the North American tin market. "Everybody is hand-to-mouth. They’ll wait as long as they can, but no one can wait long," one trader told AMM.
Delivered premiums for spot transactions were reported as low as $600 per tonne for Grade A tin, but the majority of business remained in AMM’s range of $650 to $750 per tonne, market players said. ....
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