Jakarta Post

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post
press enter to search

The Jakarta Post
Video Weather icon 26°C
DKI Jakarta, Indonesia
26°C Light Rain

Rain until tomorrow morning, starting again tomorrow afternoon.

  • Thu

    26℃ - 31℃

  • Fri

    26℃ - 32℃

  • Sat

    27℃ - 32℃

  • Sun

    26℃ - 30℃

RI commodity exchange fails to sell refined tin

  • The Jakarta Post

    The Jakarta Post

Jakarta | Tue, September 24, 2013 | 08:23 am

The Indonesia Commodity and Derivatives Exchange failed to get any buyers for physical tin in Jakarta on Monday, according to a statement on its website.

Indonesia, the largest shipper, requires ingots of a minimum 99.9 percent purity to be traded on a domestic exchange before export with effect from Aug. 30. PT Timah, the country's biggest producer, Toyota Tsusho Corp. and Noble Resources Ltd. are among companies that trade tin on the ICDX.

PT Mitra Stania Prima, PT Refined Bangka Tin and PT Inti Stania Prima shipped 150 metric tons on Sept. 21, the first shipment by ICDX members since the trading rule started, the bourse said in an e-mailed statement dated Sept. 21.

Buyers of the shipment were Toyota Tsusho, Westin Trade Global Ltd. and Uni Bros Metal Ltd, according to Bloomberg.

TRY A DIGITAL SUBSCRIPTION

Join the discussions