LONDON (Scrap Register): The tin market recorded a deficit of 4200 tonnes during January to March 2019 and there were no DLA deliveries during the period. Total reported stocks were 1000 tonnes lower than at the end of 2018, according to latest data from the World Bureau of Metal Statistics (WBMS).
Global reported production of refined metal was down by 2100 tonnes, compared with the January to March 2018 total. Production in Asia was 2600 tonnes lower than the January to March 2018 total. Apparent demand in China was 5.8% lower than the equivalent period of the previous year.
Global tin demand during January to March 2019 was 91600 tonnes which was 1.9% below the comparable period of 2018. Japanese consumption was 7100 tonnes which was 12.2% below the comparable total for January to March 2018.
In March 2019, refined production was 30400 tonnes and consumption was 32400 tonnes
