PT Timah results improve and stocks build
PT Timah announced much improved third quarter financial results, as well as rising production and stocks. Net profit in the nine months to end-September rose by 141% year-on-year to Rp 341 billion (US$28 million), but in a statement the company said that it would...Timah chief provides update on Myanmar plans
In an interview with the Jakarta Post on 23 October, PT Timah President Director Sukrisno said the state-controlled tin company was currently conducting a study for a smelter in Myanmar that was expected to conclude by year-end. “We hope to start construction of...Indonesian smelters predict lower sales in fourth quarter
A poll of Indonesian smelters carried out by Bloomberg gave a median forecast of exports in the fourth quarter of this year at 16,000 tonnes, as a result of lower prices and stricter controls. “Shipments may slow this quarter as prices have dropped to near the...Indonesian September exports higher than predicted
Preliminary data released by Indonesia’s trade ministry today showed that 5,442 tonnes of tin was checked prior to shipment by surveyor companies in September, up by 51% compared to August. The tonnage checked comprised 5,252 tonnes of refined tin ingot, 69...Indonesian sales remain slow
Sales of refined tin on the ICDX exchange dropped to the second lowest monthly total on record in September, as sellers held out for higher prices. Monthly turnover in September was 2,550 tonnes, down by 47% compared to August. In interviews with Bloomberg and Reuters...Indonesian police release containers but continue investigation
Indonesian police had detained 91 containers of tin from 9 September but will now allow 82 to be shipped if they have export documents and customs clearance, Muhammad Firman, a deputy director at Bangka Belitung Police told Bloomberg. However the police are still...Babel police investigate tin export documentation
According to local press reports Bangka-Belitung police are investigating the legality of 91 containers of tin held in Pangkalbalam port on Bangka island. Top level officials led a swoop last Tuesday night (9 September), which appears to have been triggered by...ICDX volumes plummet as LME prices fall
With one exception, Indonesian tin producers have halted sales since 28 August in response to the fall in LME prices to below US$21,000/tonne. After ten market days with no trading, fresh sales of tin were made on the Indonesia Commodity and Derivatives Exchange...Indonesia, Thailand losing share in Japanese market
Total refined tin imports into Japan declinedby 1.2% to 13,087 tonnes in the first half of this year, with large falls in imports from Indonesia and Thailand partly offset by increased sales from Malaysia and Peru, according official customs data. The Indonesian share...
