ITRI's twelfth annual survey of tin users gathered data from tin users worldwide between June and August 2016. ITRI analyst Peter Kettle commented: "Generally companies appear a little more optimistic about sales in 2016 than they were at the time of a snap survey carried out late last year. Allowing for a recent strong recovery in the China solder market it looks like global refined tin demand could increase by a little over 1% this year."
129 companies took part in the survey, accounting for some 45% of estimated global refined tin use in 2015.
Key findings of the survey are:
ITRI's latest estimate of refined tin use in 2015 is 345,700t, based on data from the 2016 survey. Refined tin demand reported by survey participants contracted in 2015 but is expected to remain static or improve slightly in 2016.About ITRI:
ITRI is the world's foremost authority on tin with over 80 years' experience in tin related technologies. It is a membership based organisation representing major tin producers and smelters and is the premier source of tin related information. ITRI has specialist knowledge of tin use in all the major sectors as well as groups responsible for technology, statistical and market information, regulatory affairs and sustainability. It provides links to the main tin consuming sectors through a substantial network of industry contacts. The organisation hosts seminars, conferences and industry-specific group meetings. It also provides marketing and technical support to its members and the tin industry in general. Further information can be obtained from ITRI (http://www.itri.co.uk)