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WBMS: World Tin Market In 9,900-Ton Deficit Jan-Jul
Sep 16,2010 10:44CST
industry news
Source:SMM

LONDON, Sep. 16 -- The world tin market was in deficit by 9,900 metric tons in the first seven months of the year, compared with a 9,500-ton surplus for the year-earlier period, the World Bureau of Metal Statistics said Wednesday.

Total global reported tin stocks fell in July and ended the month 12,200 tons lower than at the end of December 2009, the WBMS said. Almost all recorded stocks are now held in Asia, it said.

Global refined tin production, excluding reprocessed LME metal, rose by 16,500 tons compared with the same period in 2009. The WBMS didn't provide a total output figure.

Global tin demand rose 20% on the year to 213,800 tons.

 

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