LONDON (Scrap Register): The tin market recorded a deficit of 12.4 kt during January to December 2018 and there were no DLA deliveries during the period. Total reported stocks were 3.3 kt higher than at the end of 2017, according to World Bureau of Metal Statistics.
Global reported production of refined metal was up by 4.2 kt, compared with the January to December 2017 total. Production in Asia was 5.3 kt higher than the January to December 2017 total. Apparent demand in China was 5.0 per cent lower than the equivalent period of the previous year.
Global tin demand during January to December was 381 kt which was 0.1 per cent below the comparable period of 2017. Japanese consumption was 28.1 kt which was 1 kt below the comparable total for January to December 2017.
In December 2018 refined production was 33.8 kt and consumption was 32.9 kt.