Tin market records modest surplus in Jan-Apr 2015

By  Paul Ploumis 19 Jun 2015  Last updated at  01:56:42 GMT

BRUSSELS (Scrap Monster): According to the latest published metals balances report by the World Bureau of Metal Statistics (WBMS), the worldwide Tin market has recorded a minor surplus during January to April this year. There were no DLA deliveries during the four-month period, the data said.

 

As per WBMS data, the global Tin market recorded slight surplus of 0.1 kt during the initial four months of the year from January to April in 2015.

 

Global refined Tin production witnessed decline of 7.9 kt during the four-month period. The above production figure is without taking into account re-processed LME metal.

 

The global demand for the metal has dropped by 6.4% when matched with January to April in 2014. The demand totaled 115.9 kt during this period. The Chinese apparent demand saw significant decline of 6.9% over the previous year. On the other hand, Japanese demand for the metal rose by over 4% when matched with the levels recorded during Jan-Apr ’14. The Japanese consumption totaled 9.4 kt, higher by 0.4 kt when compared with the demand of 9.0 kt recorded during January to April in 2014.

 

The reported stock of the metal declined marginally during the month of April. The stock at the end of four-month period was lower by 2.6 kt when compared with Dec ’14 closing levels.

 

During the month of April alone, the global refined Tin production totaled 28.0 kt, as against the demand of 28.0 kt.