PARIS GROUP PUBLISHING DAILY FRANC TIN PRICE
The Association of White Metals has
decided to publish a daily tin price here in French francs per
100 kilos, the French Federation of Non-Ferrous Metals said.
    The price, quoted for the first time yesterday, was
introduced as the lack of tin quotes was causing problems for
some French companies, a spokesman for the non-ferrous metals
association said.
    Today's price was set at 4,776 francs per 100 kilos and
Tuesday's at 4,790.
    The International Chamber of Commerce stopped publishing a
tin price after the London Metal Exchange (LME) stopped tin
trading on October 24, 1985.
    The Association has tested the basis it uses to calculate a
French franc price over the last few months to ensure it was
reliable, the spokesman said.
    The French franc price is pre-tax, for specified quality, a
minimum 99.9 pct purity, at a French port or border railway
station and a minimum delivery of 10 tonnes.
    The French Federation of Non-Ferrous Metals groups various
metal associations including the Association of White Metals.
 Reuter
