SHANGHAI, Jul. 20 (SMM) - Global tin market remained in 7,500 tonnes deficit in the first five months of the year, according to World Bureau of Metal Statistics (WBMS).
Notably, global refined zinc output increased 12,000 tonnes in this period on a yearly basis. Output in Asia grew 13,300 tonnes year-on-year during January-May 2017.
China’s apparent consumption rose 6.8% year-on-year during January-May 2017. Tin Inventories increased 600 tonnes in May, and added 100 tonnes at the end of May from the end of 2016.
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