World Tin market records 4k tonnes deficit in Jan-May 2019
LONDON (Scrap Register): World tin market recorded a deficit of 4000 tonnes during January to May 2019 and there were no DLA deliveries during the period. Total reported stocks were 6900 tonnes higher than at the end of 2018 but this includes an unexplained increase in Indonesian stocks of 6000 tonnes, the World Bureau of Metal Statistics (WBMS) said in its latest report.
Global reported production of refined metal was down by 3300 tonnes, compared with the January to May 2018 total. Production in Asia was 44 00 tonnes lower than the January to May 2018 total. Apparent demand in China was 1.7 per cent lower than the equivalent period of the previous year.
Global tin demand during January to May 2019 was 151700 tonnes which was 0.3 per cent below the comparable period of 2018. Japanese consumption was 11400 tonnes which was 3.6 per cent below the comparable total for January to May 2018.
In May 2019, refined production was 31000 tonnes and consumption was 30300 tonnes.