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WBMS: Global Tin Market In 2,200-ton Surplus January-June
Aug 18, 2011 09:39The global tin market recorded a surplus of 2,200 metric tons in January to June, the World Bureau of Metal Statistics said Wednesday.
LONDON, Aug. 18 (Dow Jones) -- The global tin market recorded a surplus of 2,200 metric tons in January to June, the World Bureau of Metal Statistics said Wednesday.
It didn't provide a comparable figure for the previous year.
Global reported production of refined metal, excluding reprocessed London Metal Exchange metal, was up by 10,100 tons, compared with January-June 2010.
Global tin demand during January-June was 1,000 tons, which was 0.6% above the comparable period of 2010. U.S. apparent consumption in January-June 2011 was 13% below the figure for 2010, due to "exceptionally low" imports of metal in April 2011, the WBMS said.
Japanese consumption was 15,200 tons, 12% below the comparable total for 2010.
In June, refined production was 30,600 tons and demand was 30,500 tons.
tin; tin price; tin supply
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