The tin market recorded a deficit of 4.2 kt during January to March 2019 and there were no DLA deliveries during the period. Total reported stocks were 1.0 kt lower than at the end of 2018.
Global reported production of refined metal was down by 2.1 kt, compared with the January to March 2018 total. Production in Asia was 2.6 kt lower than the January to March 2018 total. Apparent demand in China was 5.8 per cent lower than the equivalent period of the previous year.
Global tin demand during January to March 2019 was 91.6 kt which was 1.9 per cent below the comparable period of 2018. Japanese consumption was 7.1 kt which was 12.2 per cent below the comparable total for January to March 2018.
In March 2019, refined production was 30.4 kt and consumption was 32.4 kt
Source: WBMS |
