Latest news on Indonesian export halt
Two Bloomberg reports this week have provided some insights into which companies are continuing to export tin in the current quarter and also play down earlier calls for the introduction of a quota system. As previously reported, trade ministry data showed that 5,442...Indonesian exports rise despite halt
Provisional data released by the trade ministry today shows that the tonnage of tin metal checked prior to export in October was 5,442 tonnes, 4% higher than in the previous month, despite the agreement by most Indonesian producers to halt sales from 1 October. The...Indonesian export ban backed by 25 producers
Twenty five tin smelters in Indonesia agreed to extend an export ban until the year-end to boost prices, Ismiyardi, head of the provincial parliament in Bangka Belitung, told Bloomberg. PT Timah, and PT Koba Tin back the extension, said Ismiyardi after an industry...PT Timah margins dented by price fall
Indonesia’s state-controlled tin producer PT Timah reported an 81% year-on-year rise in net profit to Rp 860 billion (US$99 million) in the nine months to September 2011, but its operating margin has slipped recently as a result of the fall in LME prices in the...Indonesian producers to discuss export options
Representatives of Indonesia’s tin smelters will meet again in Pangkalpinang, Bangka on Saturday to discuss next steps to follow up the export ban introduced at the start of the month. One option being proposed is to establish price-related export quotas....Resumption of some Indonesian export sales
During the course of last week statements from spokesmen for various Indonesian tin producers indicated that the halt to exports that was called from 1 October will not be 100% effective. In particular state-controlled PT Timah will continue to fulfil long-term...Indonesian companies plan Jakarta tin market
The deputy chairman of the Indonesian Tin Industry Association, Rudy Irawan, told The Jakarta Post its members would establish the Jakarta Tin Market (JTM) as the sole market for Indonesian tin products. “The JTM will be like a joint company with the task to...All Indonesian producers to halt exports
Following a meeting held on Monday evening with Bangka Belitung Governor Eko Maulana Ali, all Indonesian producers have said that they will halt exports from 1 October in order to support tin prices. Exports will resume if the price recovers to $25,000/tonne, Johan...Lower volumes, higher margins for Timah
Indonesia’s PT Timah reported a 29% rise in consolidated sales and a more than doubling of net income to Rp 689 billion (US$79 million) in the first half of 2011, despite a fall in tin sales volumes. Refined tin sales by the state-controlled company in...
