By Paul Ploumis (ScrapMonster Author)
November 19, 2015 06:45:02 AM
The global tin market has recorded minor deficit during the initial nine-month period of the year. This is in accordance with the latest data released by the World Bureau of Metal Statistics (WBMS).Global Tin market records deficit during Jan-Sep ‘15
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 September this year. There were no DLA deliveries during the nine-month period, the data said.
As per WBMS data, the global Tin market recorded slight deficit of 8.40 kt during the initial nine months of the year from January to September in 2015.
Global refined Tin production witnessed decline of 14.60 kt during the nine-month period. The above production figure is without taking into account re-processed LME metal.
The global demand for the metal has dropped by 8.4% when matched with January to September in 2014. The demand totaled 271.9 kt during this period. The Chinese apparent demand saw significant decline of 7.4% over the previous year. The Japanese consumption totaled 21.3 kt, marginally lower by 0.8 kt when compared with the demand of 22.1 kt recorded during January to September in 2014.
The reported stock of the metal declined marginally during the month of September this year. The stock at the end of the initial nine-month period in 2015 was lower by 6.3 kt when compared with Dec ’14 closing levels.
During the month of September alone, the global refined Tin production totaled 31.0 kt, as against the demand of 30.8 kt.