Indonesian market volumes increase
Tin trading volumes on the Indonesia Commodity and Derivatives Exchange (ICDX) have picked up an average of over 100 tonnes per day so far this week, according to market data published on the exchange website. Indonesian tin producers have been forced to use the...Timah forecasts shipments
Indonesia’s state-controlled tin producer PT Timah said that it would ship some 1,500 tonnes of tin this month and was aiming for annual exports of 25,000 tonnes, down from 28,000 tonnes in 2012. Its President Director Sukrisno told Reuters that he hoped that...Indonesian exports up in August
Preliminary data released by Indonesia’s trade ministry showed that the tonnage of tin checked prior to export last month was 6,525 tonnes, up by 15.6% on August 2012, ahead of changes in regulations which could slash volumes this month. Cumulative tonnage in...PT Timah declares force majeure on shipments
State tin company PT Timah has joined some private Indonesian smelters in halting shipments this month as a regulation requiring ingot to be traded locally before export hampered transactions with customers. Timah has declared force majeure to 19 buyers with long-term...Timah profits squeezed as production slumps in H1
Indonesian state-controlled tin producer PT Timah’s net profits were 137.1 billion rupiah ($12.5 million) in the first six months of the year, down by 60% compared with 335.9 billion rupiah over the same period in 2012, the company reported. Production of...Indonesian exports fall in July
Preliminary trade data released by Indonesia’s trade ministry on 19 August showed a sharp fall in volumes as new regulations came into place. The tonnage of tin checked prior to shipment in July slipped to 6,466 tonnes, 22% lower than in July 2012 and 42% down...Timah reduces 2013 sales forecast
Tin sales by Indonesia’s state tin company PT Timah may drop to 28,000 tonnes this year as prices extend a decline because of slowing global demand, President Director Sukrisno told Bloomberg. This would be a 20% fall from the 34,934 tonnes it sold last year and...New export rules dismay Indonesian producers
The decisions by the Indonesian trade ministry to revise export quality regulations and to require that tin exported be traded through a local market has produced critical reactions from producers surveyed by Bloomberg. Agung Nugroho, corporate secretary at PT Timah,...Indonesian June export surge
Preliminary data released by Indonesia’s trade ministry today indicated a surge in tin shipments in June, ahead of new purity regulations that came into place on 1 July. The tonnage of tin surveyed in pre-shipment checks rose to 11,111 tonnes last month, 15.2%...
