Tin demand slumps, orders deferred

Apr 09, 2013 | 10:33 AM | Suzy Waite

Tags  tin, tin premiums, electronics, food, canning, steel mill, LME, London Metal Exchange Suzy Waite

NEW YORK — Spot demand for tin remains extremely weak in the United States, with some consumers even requesting to take less contracted material or deferring orders, traders told AMM.

“We just haven’t seen much interest at all,” one trader said. “One of the steel mills we do business with cut back on their contract because one of their largest customers (who supplies the canning industry) asked to cut back.”
The trader was “kind of surprised,” he said, adding, “I thought food (demand) stayed constant.” ....





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