SMM News: July 17, the World Bureau of Metal Statistics (WBMS) data released on Wednesday showed that the global tin market supply gap of 4000 tons from January to May 2019.
The total reported inventory was 6900 tons higher than at the end of 2018, but this included an unexplained increase of 6000 tons in Indonesia.
Global refined tin production fell 3300 tons from January to May 2018. Production in Asia fell by 4400 tons compared with the same period last year. China's apparent demand fell 1.7% from a year earlier.
Global tin demand from January to May 2019 was 151700 tons, down 0.3 per cent from the same period last year. Japan's consumption was 11400 tons, down 3.6 per cent from the same period last year.
In May 2019, refined tin production was 31000 tons and consumption was 30300 tons.
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