Indonesia mulls new export tax

Indonesia may impose a new tax on exports to limit shipments and help boost prices, Deputy Trade Minister Bayu Krisnamurthi told Bloomberg. The government wants to extend the life of mines, Krisnamurthi told reporters in Jakarta today. “Tin is a mining product...

Private smelters withdraw support for new Indonesian market

The start of tin trading on the Indonesia Commodities and Derivatives Exchange, due to begin on January 12, is now being opposed by the new president and some members of the Indonesian Tin Association. The physical tin contract, under the code INATIN, was formally...

China imports remain high

China imported 4,220 tonnes of refined tin in November, the highest monthly total since April 2009. Half of the imports were from Malaysia, which is believed to be reflect shipments from LME warehouses there. The total imports have arrived at 18,951 tonnes in the...

Fall out at Indonesian Tin Association

Following the breakdown of the export halt called by Indonesian Tin Association at the start of this month, two leading officials have left the group. Rudy Irawan, president director of smelter PT Mitra Stania Prima, has been removed as the group’s executive...

More details on planned Indonesian tin contract

Four big commodity traders and three Indonesian tin producers are readying to trade a soon-to-be launched physical contract for the metal, a trade ministry official told Reuters, offering hope the new contract will secure enough liquidity to make it a success....

China refined tin imports soared in October

China imported 3,990 tonnes of refined tin in October, the highest level since April 2009, according to China Customs data. Most of imports were from Thailand, Indonesia and Malaysia. The China domestic tin price has remained at a big premium to the LME from August...

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...

China cuts 2012 export quotas for tin

China released export quotas in 2012 for antimony, indium, tungsten, molybdenum and tin at the end of October. Most of minor metals export quotas are lower in 2012 than in 2011. Export quotas will fall by 5% for tin and tin products to 18,000 tonnes from...

China tin import surge in September

China’s tin imports surged to 3,610 tonnes in September, up by 125% on the previous month and 167% compared to September last year. It is the highest monthly level since April 2009. The jump reflects the very large premium of Chinese domestic market prices over...