DJ WBMS: Global Tin Market In 2,300 Ton Surplus In Jan-Apr-Shanghai Metals Market

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DJ WBMS: Global Tin Market In 2,300 Ton Surplus In Jan-Apr

Industry News 10:01:03AM Jun 17, 2010 Source:SMM

LONDON, Jun. 17 -- The global tin market was in a 2,300 metric ton surplus in the first four months of the year, the World Bureau of Metal Statistics said Wednesday.

A major contributor to the surplus was the exceptionally low level of imports into the U.S. in January and again in April, the WBMS said.

Global tin demand was up 20% to 111,600 tons between January and April of this year compared with the same period a year ago. Meanwhile global refined tin production rose 15.4%, or 15,200 tons, to 113,900 tons between January and April of this year compared with the same period a year ago, according to Dow Jones Newswires calculations based on WBMS data.

 

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DJ WBMS: Global Tin Market In 2,300 Ton Surplus In Jan-Apr

Industry News 10:01:03AM Jun 17, 2010 Source:SMM

LONDON, Jun. 17 -- The global tin market was in a 2,300 metric ton surplus in the first four months of the year, the World Bureau of Metal Statistics said Wednesday.

A major contributor to the surplus was the exceptionally low level of imports into the U.S. in January and again in April, the WBMS said.

Global tin demand was up 20% to 111,600 tons between January and April of this year compared with the same period a year ago. Meanwhile global refined tin production rose 15.4%, or 15,200 tons, to 113,900 tons between January and April of this year compared with the same period a year ago, according to Dow Jones Newswires calculations based on WBMS data.