Spot tin premiums slip in challenging market
Jun 05, 2013 | 06:00 PM
| Everdeen Mason
NEW YORK U.S. tin premiums have decreased following a demand dip in a market faced with excess supply due to imports from Indonesia.
Premiums for grade A tin have fallen to $550 to $660 per tonne from $600 to $750 per tonne in April.
Indonesian tin imports have increased this year as market participants there attempt to offload metal before export regulations for refined metal tighten in July, traders and consumers told AMM.
The Indonesian government starting July 1 will require exports to have at least 99.9-percent tin content (amm.com, May 1). Grade A tin, which meets LME specifications, has a minimum of 99.87-percent tin.....
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