Global Tin market records deficit during Jan-Aug 2015

By Paul Ploumis (ScrapMonster Author)

October 27, 2015 06:06:34 AM

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 August this year. There were no DLA deliveries during the eight-month period, the data said.

As per WBMS data, the global Tin market recorded slight deficit of 9.60 kt during the initial eight months of the year from January to August in 2015.

Global refined Tin production witnessed decline of 14.40 kt during the eight-month period. The above production figure is without taking into account re-processed LME metal.

The global demand for the metal has dropped by 7.1% when matched with January to August in 2014. The demand totaled 241.0 kt during this period. The Chinese apparent demand saw significant decline of 7.8% over the previous year. The Japanese consumption totaled 17.7 kt, marginally lower by 1.1 kt when compared with the demand of 18.8 kt recorded during January to August in 2014.

The reported stock of the metal declined marginally during the month of August this year. The stock at the end of the initial eight-month period in 2015 was lower by 2.5 kt when compared with Dec ’14 closing levels.

During the month of August alone, the global refined Tin production totaled 29.80 kt, as against the demand of 29.70 kt.