WBMS: Tin market records deficit of 17.4kt in Jan-Jun 2020
2020-08-24 09:15:07 [Print]
The tin market recorded a deficit of 17.4 kt during January to June 2020, according to data released by the World Bureau of Metal Statistics (WBMS).
Global reported production of refined metal was down by 8.8 kt, compared with the January to June 2019 total. Apparent demand in China was 4.6 per cent higher than the equivalent period of the previous year.
Chinese demand is calculated on an apparent basis using reported stocks on the Shanghai exchange. 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 tin demand during January to June 2020 was 183.3 kt which was 0.1 per cent lower than the comparable period of 2019. Japanese demand was 11.0 kt which was 17.9 per cent below the comparable total for January to June 2019.
In June 2020, refined production was 26.9 kt and consumption was 27.4 kt.
Global reported production of refined metal was down by 8.8 kt, compared with the January to June 2019 total. Apparent demand in China was 4.6 per cent higher than the equivalent period of the previous year.
Chinese demand is calculated on an apparent basis using reported stocks on the Shanghai exchange. 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 tin demand during January to June 2020 was 183.3 kt which was 0.1 per cent lower than the comparable period of 2019. Japanese demand was 11.0 kt which was 17.9 per cent below the comparable total for January to June 2019.
In June 2020, refined production was 26.9 kt and consumption was 27.4 kt.
Tin Conc. Burmese 20%min In warehouse MengA
Unit:RMB/mtm
China tin ingot producers' sales to production ratio statistics by province by month
Unit: %
