Tin statistics for 1940 now available indicate new supplies of 174,000 long tons. It is estimated that an additional 25,000 tons were not included in the statistics. World deliveries last year were 192,000 tons, from which 40,000 tons were believed added to stocks. While the new supplies are a record, actual consumption was well below that in 1937, A feature of the supply side was the low level of Chinese offerings, Imports of Chinese tin by consuming countries in 1940 amounted to 4,854 tons against 9,241 last year. Straits shipments to the United States, however, increased to 106,530 tons against $8654 in 1939. While deliveries to the United States set a new record at 115,497 tons in 1940 against 71,896 in 1939 and 83,605, the previous record in 1937, British deliveries were only 10,336 tons in 1940 against 14,397 in 1939 and 17,773 in 1937. Actual United Kingdom deliveries, however, were far higher as deliveries from stocks are not noted in the statistics. World supplies in 1941 are expected to show a slight rise on the year but actual consumption is expected to remain unchanged.
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