Indonesian tin shipments plan still unclear
Following a meeting on Friday called by the Governor of Bangka-Belitung province, Rustam Effendi, Indonesian tin exporters are continuing to discuss whether or how to manage their sales in order to support tin prices. Bloomberg reported that the 25 companies involved,...Indonesian producers announce curbs on tin sales
PT Timah and the Association of Indonesian Tin Exporters (AETI) have announced different approaches to limiting sales in order to support prices over the last few days. The moves have been in response to the slump in LME prices to a low of $17,445 last week and a call...Little progress on Indonesian moratorium plan
As LME and ICDX tin prices have fallen to new lows this week, the proposal by Bangka Belitung Governor Rustam Effendi to halt sales for two months or longer is making little headway, according to reports by Bloomberg and Reuters today. The governor first raised the...Regulatory controls to constrain Indonesian exports in 2015
A new survey carried out by Bloomberg suggests that Indonesian tin exports could fall to around 61,000 tonnes this year due to tighter controls on mining operations. This is a drop of some 20% compared to a preliminary trade ministry estimate of 2014 exports of 75,925...Indonesian exports bounce back in December
Indonesian tin exports increased to 10,318 tonnes in December, recovering strongly from an extremely low 465 tonnes in November, according to preliminary trade department data based on pre-shipment inspections by surveying companies. The annual 2014 tonnage, based on...Timah forecasts improved results but cancels Myanmar investment
In an interview with Bloomberg on 18 December PT Timah President Director Sukrisno forecast a 15% increase in net income next year, based on higher sales and a recovery in tin prices. It also expects to benefit from reduced dividend payments to the Indonesian...Indonesian exports slump to new low
On Thursday Indonesia’s trade ministry announced a preliminary November tin export figure of only 465 tonnes, based on pre-shipment checks made by surveyor companies. In messages to news agencies it also made a downward revision of the previous month’s...Indonesian producers cool on Governor’s call for sales halt
A call by Bangka Belitung province Governor Rustam Effendi for Indonesian producers to halt shipments in order to support tin prices has not received much support, according to Bloomberg. The governor told reporters today that officials planned to meet producing...ICDX previews new trading initiatives
The Indonesia Commodity and Derivatives Exchange (ICDX) put forward several new initiatives to boost participation by international tin buyers at the ITRI China Annual Tin Reception in Sanya. Chief Product and Services Officer Stella Lukman invited feedback on a...
