By Paul Ploumis 29 Sep 2015 Last updated at 03:31:46 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 slight deficit during January to July this year. There were no DLA deliveries during the seven-month period, the data said.
As per WBMS data, the global Tin market recorded slight deficit of 18.5 kt during the initial seven months of the year from January to July in 2015.
Global refined Tin production witnessed decline of 26.5 kt during the seven-month period. The above production figure is without taking into account re-processed LME metal.
The global demand for the metal has dropped by 4.8% when matched with January to July in 2014. The demand totaled 211.5 kt during this period. The Chinese apparent demand saw significant decline of 11% over the previous year. The Japanese consumption totaled 16.6 kt, marginally lower by 0.1 kt when compared with the demand of 16.7 kt recorded during January to July in 2014.
The reported stock of the metal declined marginally during the month of July this year. The stock at the end of the initial seven-month period in 2015 was lower by 2.1 kt when compared with Dec ’14 closing levels.
During the month of July alone, the global refined Tin production totaled 28.3 kt, as against the demand of 31.0 kt.