Global Tin market records deficit of 13.4kt during Jan to Nov 2018
LONDON (Scrap Register): The tin market recorded a deficit of 13.4 kilo tons (kt) during January to November 2018 and there were no DLA deliveries during the period. Total reported stocks were 1.5 kt higher than at the end of 2017, according to World Bureau of Metal Statistics.
Global reported production of refined metal was down by 2.9 kt, compared with the January to November 2017 total. Production in Asia was 1.9 kt lower than the January to November 2017 total.
Apparent demand in China was 9.3 percent lower than the equivalent period of the previous year.
Global tin demand during January to November was 345 kt which was 1.7 per cent below the comparable period of 2017. Japanese consumption was 25.9 kt which was 0.7 kt below the comparable total for January to November 2017.
In November 2018 refined production was 30.4 kt and consumption was 32.5 kt.