Tin Market

Eufrosina Mereoru

Conjunctura economiei mondiale / World Economic Studies, 2015

Abstract: The international tin market has experienced sharp drop in prices and stocks in the period 2014-2015, at the London Metal Exchange (LME). An analysis done by specialists from Tin Research Institute (ITRI) showed that this development took place due to increases of world production and consumption of refined metal, especially in Asian countries. According to the I.T.R.I. Report, the world production of tin has been estimated at 358.7 thousand tonnes in 2015, an increase of only 0.5% compared to 2014, when it registered 356.8 thousand tonnes. The world consumption has increased by 2.3%, from 350.3 thousand tonnes in 2014 to 358. 5 thousand tonnes in 2015. The balance of tin demand / supply has maintained a surplus in 2015, given that the world production has exceeded consumption only by 0.2 thousand tonnes, while the forecast for 2016 shows a deficit of 0.8 thousand tonnes.

Keywords: supply & demand balance; production; consumption; prices; stocks; forecasts (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2015:id:2822000009589059

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