By Paul Ploumis 25 Aug 2015 Last updated at 02:51:18 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 deficit during January to June this year. There were no DLA deliveries during the six-month period, the data said.
As per WBMS data, the global Tin market recorded slight deficit of 17.0 kt during the initial six months of the year from January to June in 2015.
Global refined Tin production witnessed decline of 27.3 kt during the six-month period. The above production figure is without taking into account re-processed LME metal.
The global demand for the metal has dropped by 5.8% when matched with January to June in 2014. The demand totaled 181.9 kt during this period. The Chinese apparent demand saw significant decline of 13.7% over the previous year. Also, Japanese demand for the metal was down slightly by over 4.3% when matched with the levels recorded during Jan-June ’14. The Japanese consumption totaled 13.5 kt, lower by 0.6 kt when compared with the demand of 14.1 kt recorded during January to June in 2014.
The reported stock of the metal increased marginally during the month of June. The stock at the end of the initial six-month period in 2015 was lower by 4.2 kt when compared with Dec ’14 closing levels.
During the month of June alone, the global refined Tin production totaled 29.1 kt, as against the demand of 32.6 kt.