GLOBAL TIN WRAP: Asia premiums rise amid lack of supply; lower freight costs pressure US delivered premium

摘要

Tin premiums in Shanghai and Taiwan rose on Tuesday May 19, reflecting a continued drawdown in regional supply against arbitrage opportunities. Meanwhile cheaper freight saw the US delivered premium soften, while a strong backwardation in tin’s forward curve on the London Metal Exchange kept European industry participants cautious of business. - Falling supply sees Asian premiums tick up. - Cheaper freight, fuel cools US market. - Backwardation stifles European business.