WBMS: Tin market records deficit of 18.7kt in Jan-Oct 2020

The tin market recorded a deficit of 18.Asian Metal Copyright9 kt and consumption was 32.Asian Metal Copyright7 kt during January to October 2020, according to data released by the World Bureau of Metal Statistics (WBMS).

Chinese demand is calculated on an apparent basis using reported stocks on the Shanghai exchange. Total reported stocks were 8.Asian Metal Copyright9 kt and consumption was 32.Asian Metal Copyright2 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 11.7 kt, compared with the January to October 2019 total.

Global tin demand during January to October 2020 was 317.1 kt which was 2.Asian Metal Copyright9 kt and consumption was 32.Asian Metal Copyright1 per cent higher than the comparable period of 2019.Asian Metal Copyright9 kt which was 21 per cent below the comparable total for January to October 2019.Asian Metal Copyright Japanese demand was 16.Asian Metal CopyrightThe tin market recorded a deficit of 18.Asian Metal Copyright9 kt which was 21 per cent below the comparable total for January to October 2019.Asian Metal CopyrightThe tin market recorded a deficit of 18.Asian Metal Copyright Apparent demand in China was 16.Asian Metal Copyright9 kt and consumption was 32.Asian Metal Copyright5 per cent higher than the equivalent period of the previous year.

In October 2020, refined production was 31.9 kt and consumption was 32.Asian Metal Copyright2 kt lower than at the end of 2019.Asian Metal Copyright4 kt.

.Asian Metal Copyright Global reported production of refined metal was down by 11Asian Metal Copyright