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Market Analysis

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Indonesian shipments fall in May

Post By: Organic Development on Thursday, 09 June 2011

Provisional trade ministry data shows the tonnage of tin checked prior to export from Indonesia dropped sharply to 7,013 tonnes in May, following exports of over 9,000 tonnes in each of the previous two months. May shipments were 4.4% down on the May 2010 level. However the year-to-date tonnage of 39,289 tonnes in the first five months of this year is 11.5% higher than in the corresponding period of 2010.

"Tin production is increasing but exporters are retaining...

Price fall may cut Indonesian production

Post By: Organic Development on Monday, 23 May 2011

Following a strong increase in Indonesian exports in the first four months of this year, a private smelter group said the slump in prices in recent months would lead to at least a temporary drop in supplies. "Our smelters bought tin ore stocks when tin prices were at $30,000. Now that prices have fallen so much within such a short period, we are of course shocked," Johan Murod, director at the Bangka Belitung Timah Sejahtera (BBTS), a consortium of...

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