Further surge in Indonesian sales

Indonesian sales continue to run well above the 4,000 tonnes per month “cap” announced by leading producers and the governor of Bangka-Belitung in early May, but this might be a final rush before stricter controls start to take effect. Preliminary trade...

Further tightening of Indonesian export rules announced

A third revision of tin export regulations first launched by Indonesia’s trade ministry in 2013 was announced on 19 May, expanding the scope of products requiring trading through ICDX and also making a stronger link with regulation of mining sites by the energy...

Latest developments in Asian tin trading

At the ITRI China International Tin Forum in Shanghai last week speakers from the Shanghai Futures Exchange (SHFE) and Indonesia Commodity and Derivatives Exchange (ICDX), Asia’s two “new” tin exchanges, described recent and planned developments,...

Korea stockpile announces latest tin tender result

South Korea’s Public Procurement Service (PPS) bought 200 tonnes of standard grade MSC tin from Daewoo at its latest tender on 12 May, at a US$288 c.i.f. premium to the LME price. This is the fourth tin tender so far in 2015, with cumulative purchases to date...

Price collapse forces bigger cuts in Indonesia

The melt-down in LME tin prices on Friday produced an instant reaction from the main Indonesian producers, who will halt sales at prices below US$17,000/tonne. “PT Timah and all our members will not trade below US$17,000,” Jabin Sufianto, president of the...

Indonesian exports rise ahead of sales cap

Preliminary data released by Indonesia’s trade ministry on 8 April showed a surge in exports before a plan to limit sales to 4,500 tonnes per month came into effect. Exports in March were reported to Reuters at 6,929.70 tonnes, up by 16% compared to February and...

Myanmar concentrate imports boost China production

China imported 41,251t tin concentrate (gross weight) in January – February, up by 89% year on year. 96% of the total was from Myanmar. The Chinese Spring Festival was much later this year than normal, and as a result the shipments in February were much bigger than in...

Indonesian export plans agreed

Long-running discussions on plans to limit tin exports were concluded on Monday with an agreement by most Indonesian producers to restrict their combined sales to 4,500 tonnes per month from April. Bloomberg reported that the agreement was reached at meeting between...

Discussion on proposed Indonesian cut-back continues

There is some possibility of a reduction in sales by Indonesian tin producers, but details and timing remain to be decided. Following an earlier meeting on 27 February involving 25 smelters organised by Bangka-Belitung Governor Rustam Effendi, a working group...