Indonesia’s August exports of refined tin up 21.7% y/y

Reuters | September 7, 2021 | 10:04 pm Intelligence Markets Asia Tin 
Indonesian tin groups ask govt to consider impose export restrictions gradually
Image courtesy of International Tin Association.

Indonesia’s exports of refined tin jumped 21.7% in August over the corresponding month a year ago, trade ministry data showed on Wednesday.

Refined tin exports stood at 7,497.19 tonnes in August, up from 6,158.67 tonnes last year and 14.27% higher than July, the data showed.

Currently trading around $35,400 per tonne, tin is up 68% on the start of the year. Aluminum is trailing a distant second with year-to-date gains of 27%.

Physical supply chains remain super stressed and visible stocks are at record lows.

[Click here for an interactive chart of tin prices]

Exchange tin stocks have fallen to a record low

(By Bernadette Christina Munthe and Fathin Ungku; Editing by Clarence Fernandez and Devika Syamnath)

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