The global tin market has an oversupply of 2100 tons from January to December 2021, according to data released by the World Bureau of Metals Statistics ((WBMS)) on Wednesday.
Chinese demand is calculated on an apparent basis using the reported inventory of the previous period. Demand is measured by apparent data, and national blockades may affect trade statistics.
From January to December of 2021, it is reported that the output of refined tin increased by 3000 tons over the same period last year.
China reported a decline in production during the summer, but has rebounded in recent months, producing 200500 tons from January to December. Apparent demand in Japan was 28400 tonnes, up 40 per cent from the same period in 2020; apparent demand in China was 11.6 per cent lower than the same period last year.
Global tin demand from January to December in 2021 was 378000 tons, 1.7 per cent less than in the same period last year. Us apparent demand rose 18.4 per cent year-on-year to 34600 tonnes.
In December, global refined tin production was 29100 tons and consumption was 30500 tons.
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