LME Stocks Shifted (Tin)

LONDON, Jun. 4 -- 2,000 tonnes of tin has been shifted from the LME's warehouses in Asia into Exchange bonded warehouses in Europe. According to Metal Bulletin Deutsche Bank is responsible for shipping the tin, in order to take advantage of higher physical premiums in Europe. The material is the Mentok brank, standard grade 99.85% material from Indonesian producer PT Timah , 'well-informed sources" told MB.

Until recently the great majority of tin in LME warehouses has been held in Singapore and Malaysia. Total LME stocks as have recently been stable at a little over 20,000 tonnes. Latest LME data shows that no company controls more than 30% of warrants.