Softer spot tin premiums ahead in Europe: traders
Jan 03, 2013 | 11:16 AM
| Claire Hack
Tags
tin premiums,
Europe,
LME
LONDON — European tin premiums could soften during the first quarter as prices for material on the London Metal Exchange continue to climb.
Premiums have remained unchanged for several months as the market continues to be illiquid, but the higher LME prices could drive even more buyers away, market players said.
"The significant price rise on the LME has taken many consumers by surprise, so they are not rushing in to buy," one trader told AMM sister publication Metal Bulletin. ....
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