In this week’s analysis, we highlight the latest WBMS estimates about supply/demand of the tin market and discuss our own fundamental assessment. The WBMS estimates that the refined tin market was in an “apparent” deficit of 4,100 tonnes in the first nine months of 2019, significantly smaller than the deficit of 9,000 tonnes over the same period of last year. The refined tin market was in a deficit of 1,400 tonnes in Q3 2019 (although balanced in September), after being in a deficit of 2,700 tonnes in the first half of 2019. ...
Refined market balance
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