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  • ITA expects global tin demand to rise by about 6% in 2021

    2020-12-07 10:51:30   【Print】
    Tin demand is recovering, helped by rising electronics sales as more people stay at home due to the COVID-19 pandemic, and is set to rise by about 6% next year, the International Tin Association ("ITA") forecast last Thursday.

    The biggest use of tin, making up nearly half of demand, is for solder used chiefly in the electronics industry to connect components.

    Buoyant house building in the United States is also brightening the outlook for the metal since cladding using tin is popular there.

    Tin demand is due to rise by about 6% to 361,500 tonnes next year, while refined tin production is also forecast to recover as smelters restart after closures due to the COVID-19.

    This year, demand is expected to fall by 5.8% as lockdowns to curb the COVID-19 initially hit sales.

    A deficit in the global tin market is expected to narrow to 2,700 tonnes next year from a 5,200 tonne deficit in 2020, Willoughby said.

    Below are the latest ITA forecasts in tonnes:
    .Asian Metal Copyright4pt 0cm 5.Asian Metal Copyright This year, demand is expected to fall by 5.Asian Metal Copyright4pt;">
    .Asian Metal Copyright0pt;mso-border-alt:solid windowtext .Asian Metal Copyright Tin demand is due to rise by about 6% to 361,500 tonnes next year, while refined tin production is also forecast to recover as smelters restart after closures due to the COVID-19.Asian Metal Copyright5pt;padding:0cm 5.Asian Metal Copyright Below are the latest ITA forecasts in tonnes: 2019 2020 2021 Refined production 353,900 333,700 358,800 Refined consumption 359,600 338,900 361,500 Market balance -5,700 -5,200 -2,700 .Asian Metal Copyright4pt 0cm 5.Asian Metal Copyright This year, demand is expected to fall by 5.Asian Metal Copyright4pt;">

     

    2019

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    2020

    2021

    .Asian Metal Copyright4pt;">

    Refined production

    .Asian Metal Copyright0pt;border-right:solid windowtext 1.Asian Metal Copyright A deficit in the global tin market is expected to narrow to 2,700 tonnes next year from a 5,200 tonne deficit in 2020, Willoughby said.Asian Metal Copyright0pt;mso-border-top-alt:solid windowtext .Asian Metal CopyrightTin demand is recovering, helped by rising electronics sales as more people stay at home due to the COVID-19 pandemic, and is set to rise by about 6% next year, the International Tin Association "ITA" forecast last Thursday.Asian Metal Copyright5pt;mso-border-left-alt:solid windowtext .Asian Metal CopyrightTin demand is recovering, helped by rising electronics sales as more people stay at home due to the COVID-19 pandemic, and is set to rise by about 6% next year, the International Tin Association "ITA" forecast last Thursday.Asian Metal Copyright5pt;mso-border-alt:solid windowtext .Asian Metal Copyright This year, demand is expected to fall by 5.Asian Metal Copyright5pt;padding:0cm 5.Asian Metal Copyright This year, demand is expected to fall by 5.Asian Metal Copyright4pt 0cm 5.Asian Metal Copyright A deficit in the global tin market is expected to narrow to 2,700 tonnes next year from a 5,200 tonne deficit in 2020, Willoughby said.Asian Metal Copyright4pt;">

    353,900

    333,700

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    358,800

    Refined consumption

    359,600

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    338,900

    361,500

    Market balance

    -5,700

    -5,200

    -2,700



    .Asian Metal Copyright The biggest use of tin, making up nearly half of demand, is for solder used chiefly in the electronics industry to connect components.Asian Metal Copyright
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