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.