By Carolina Curiel (ScrapMonster Author)
December 21, 2015 01:19:18 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 October this year. There were no DLA deliveries during the ten-month period, the data said.
As per WBMS data, the global Tin market recorded slight deficit of 14.30 kt during the initial ten months of the year from January to October in 2015.
Global refined Tin production witnessed decline of 17.60 kt during the ten-month period. The above production figure is without taking into account re-processed LME metal. The Asian production totaled 257 kt during Jan-Oct ’15, significantly lower when matched with the production of 316 kt during the corresponding period last year.
The global demand for the metal has dropped by 5.7% when matched with January to October in 2014. The demand totaled 307.4 kt during this period. The Chinese apparent demand saw significant decline of 6.2% over the previous year. The Japanese consumption totaled 23.7 kt, marginally higher by 0.9 kt when compared with the demand of 22.8 kt recorded during January to October in 2014.
The reported stock of the metal declined marginally during the month of October this year. The stock at the end of the initial ten-month period in 2015 was lower by 3.2 kt when compared with Dec ’14 closing levels. The reported stocks increased slightly during the month of October alone.
During the month of October alone, the global refined Tin production totaled 31.4 kt, as against the demand of 32.4 kt.