The tin market recorded a deficit of 4.0 kt during January to May 2019 and there were no DLA deliveries during the period. Total reported stocks were 6.9 kt higher than at the end of 2018 but this includes an unexplained increase in Indonesian stocks of 6.0 kt.
Global reported production of refined metal was down by 3.3 kt, compared with the January to May 2018 total. Production in Asia was 4.4 kt lower than the January to May 2018 total. Apparent demand in China was 1.7 per cent lower than the equivalent period of the previous year.
Global tin demand during January to May 2019 was 151.7 kt which was 0.3 per cent below the comparable period of 2018. Japanese consumption was 11.4 kt which was 3.6 per cent below the comparable total for January to May 2018.
In May 2019, refined production was 31.0 kt and consumption was 30.3 kt
Source: WBMS |