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Tin market records deficit in January to April 2020

Metal News - Published on Fri, 03 Jul 2020

Image Source: Tin
World Bureau of Metal Statistics announced that the tin market recorded a deficit of 12 kt during January to April 2020 and there were no DLA deliveries during the period. Chinese demand is calculated on an apparent basis using reported stocks on the Shanghai exchange. Total reported stocks were 8.8 kt lower than at the end of 2019. Demand is measured on an apparent basis and it is likely that the full effects of national lockdowns have not been fully reflected in the trade statistics.

Global reported production of refined metal was down by 1.9 kt, compared with the January to April 2019 total. Apparent demand in China was 11 per cent higher than the equivalent period of the previous year.

Global tin demand during January to April 2020 was 126.7 kt which was 5.3 per cent higher than the comparable period of 2019. Japanese demand was 7.3 kt which was 19 per cent below the comparable total for January to April 2019.

In April 2020, refined production was 28.1 kt and consumption was 31.6 kt

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Posted By : Yogender Pancholi on Fri, 03 Jul 2020
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