World Tin market records 4.2k tonnes deficit in Jan-Jun 2019
LONDON (Scrap Register): World tin market recorded a deficit of 4200 tonnes during January to June 2019 and there were no DLA deliveries during the period, the World Bureau of Metal Statistics (WBMS) said.
Total reported stocks were 9100 tonnes higher than at the end of 2018 but this includes an unexplained increase in Indonesian stocks of 6000 tonnes.
Global reported production of refined metal was up by 2000 tonnes, compared with the January to June 2018 total. Production in Asia was 800 tonnes lower than the January to June 2018 total. Apparent demand in China was 5.5 per cent higher than the equivalent period of the previous year.
Global tin demand during January to June 2019 was 185800 tonnes which was 1.6 per cent above the comparable period of 2018. Japanese consumption was 13900 tonnes which was 6.4 per cent below the comparable total for January to June 2018.
In June 2019, refined production was 33800 tonnes and consumption was 34100 tonnes.