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The Tin Market

Author

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  • Eufrosina Mereoru

Abstract

According to the data released by the World Bureau of Metal Statistics - WBMS and Tin Research Institute International (ITRI), the world production of tin felt in 2015 by 7.7% compared to 2014 at 340.6 thousand tones and the world consumption has declined by 3.2% to 346.9 thousand tons. The balance of tin demand / supply has been unbalanced in 2015, the world consumption exceeded production by 6.3 thousand tons, and estimates for 2016 a deficit of 10.1 thousand tones. Analysts from the I.T.R.I. consider that the substantial increase in the tin deficit in the international market in 2015, was due to the increased world demand as a result of price reductions, especially from Asian countries, and especially China - the main tin producing and consuming country. The annual average tin price in 2015 was 16084$ / ton, 26.6% lower than in 2014. In 2015, the main factor that caused the downward trend of refined tin prices on the international market production, was the decrease in world consumption because of reduced demand from China., the stocks of tin were 7864 tons, 2.5% lower than in 2014.

Suggested Citation

  • Eufrosina Mereoru, 2016. "The Tin Market," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy, pages 338-347.
    • Handle: RePEc:iem:conjun:y:2016:p:338-347
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