Description
The LME Tin Premium/Discount (0-3) is a measure provided by the London Metal Exchange (LME). It indicates the premium or discount of tin for immediate delivery (0 days) compared to delivery in three months (3 days). This indicator is used to assess the short-term supply and demand dynamics in the tin market, as well as potential arbitrage opportunities. A higher premium suggests tighter supply or higher demand for immediate delivery, while a discount indicates the opposite.
The premium/discount is calculated by comparing the spot price (0 days) of tin with the three-month forward price (3 days). It is expressed as a percentage or absolute value difference between these two prices.
The data is updated daily, providing the latest market conditions for tin.