By Carolina Curiel (ScrapMonster Author)
February 22, 2016 01:12:12 AM
BRUSSELS (Scrap Monster): According to the latest published metals balances report by the World Bureau of Metal Statistics (WBMS), the worldwide Tin market has recorded a slight deficit during the year 2015. There were no DLA deliveries during the period, the data said.
As per WBMS data, the global Tin market recorded slight deficit of 8.70 kt during the entire year 2015.
Global refined Tin production witnessed decline of 25.60 kt during the year. The above production figure is without taking into account re-processed LME metal. The Asian production totaled 296 kt during 2015, significantly lower when matched with the production of 316 kt during the year before that.
The global demand for the metal has dropped by 3.9% when matched with January to December in 2014. The demand totaled 363.8 kt during this period. The Chinese apparent demand saw significant decline of 8.7% over the previous year. The Japanese consumption totaled 26.8 kt, marginally lower by 0.3 kt when compared with the demand of 27.10 kt recorded during January to December in 2014.
The reported stock of the metal declined marginally during last year. The stock at the end of December in 2015 was lower by 5.2 kt when compared with Dec ’14 closing levels. The reported stocks increased slightly during the month of October alone.
During the month of December 2015 alone, the global refined Tin production totaled 31.9 kt, as against the demand of 30.2 kt.