From January to October of WBMS:2020, there is a supply shortage of 18700 tons in the global tin market.

According to a report released by the World Bureau of Metal Statistics ((WBMS)), there is a supply shortage of 18700 tons in the global tin market from January to October 2020.

Total inventories are reported to be 8200 tons below the level at the end of 2019.

Demand is estimated on an apparent basis, and the full impact of the national blockade imposed to contain the COVID-19 epidemic may not be fully reflected in trade statistics.

From January to October 2020, it was reported that the output of refined tin decreased by 11700 tons compared with the same period last year.

China's apparent demand increased by 16.5% compared with the same period last year.

From January to October 2020, global demand for tin was 317100 tons, an increase of 2.1 per cent over the same period last year. Japanese demand was 16900 tons, down 21% from January to October 2019.

In October 2020, the global refined tin production was 31900 tons and the consumption was 32400 tons.