World Tin market records 4.8k tonnes deficit in Jan-July 2019
LONDON (Scrap Register): The tin market recorded a deficit of 4800 tonnes during January to July 2019 and there were no DLA deliveries during the period, according to latest data from the World Bureau of Metal Statistics (WBMS).
Total reported stocks were 6500 tonnes higher than at the end of 2018 but this includes an unexplained increase in Indonesian stocks of 6000 tonnes, WBMS said.
Global reported production of refined metal was up by 3000 tonnes, compared with the January to July 2018 total. Production in Asia was 2500 tonnes higher than the January to July 2018 total. Apparent demand in China was 8% higher than the equivalent period of the previous year.
Global tin demand during January to July 2019 was 219700 tonnes which was 1.4% above the comparable period of 2018. Japanese consumption was 16500 tonnes which was 3.1% below the comparable total for January to July 2018.
In July 2019, refined production was 33000 tonnes and consumption was 35500 tonnes.