LONDON (Scrap Register): Global tin market reported a marginal deficit of 26.6 kt during the first nine months of this year and there were no DLA deliveries during this period, according to the latest figures from World Bureau of Metal Statistics.
Global refined Tin production recorded slight increase of 0.90 kt during the nine-month period. The above production figure is without taking into account re-processed LME metal.
The Asian production totaled 206.70 kt during Jan-September ’16, marginally lower when matched with the production of 209.10 kt during the corresponding period last year.
The global demand for the metal has increased by 4.0% when matched with January to September in 2015. The demand totaled 287.8 kt during this period. The Chinese apparent demand saw significant uptick of 7.3% over the previous year.
The Japanese consumption totaled 20.1 kt, marginally higher by a fraction when compared with the demand recorded during January to September in 2015.
The reported stock of the metal declined during the initial nine-month period of the year. The stock at the end of the first nine months in 2016 was marginally lower by 3.8 kt when compared with Dec ’15 closing levels. The reported stocks fell by nearly 0.3 kt during the month of September.
During the month of September alone, the global refined Tin production totaled 28.8 kt, as against the demand of 31.9 kt.