The tin market recorded a deficit of 4.8 kt during January to July 2019 and there were no DLA deliveries during the period. Total reported stocks were 6.5 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 up by 3 kt, compared with the January to July 2018 total. Production in Asia was 2.5 kt higher than the January to July 2018 total. Apparent demand in China was 8 per cent higher than the equivalent period of the previous year.
Global tin demand during January to July 2019 was 219.7 kt which was 1.4 per cent above the comparable period of 2018. Japanese consumption was 16.5 kt which was 3.1 per cent below the comparable total for January to July 2018.
In July 2019, refined production was 33.0 kt and consumption was 35.5 kt
Source: WBMS |
