INDUSTRY.co.id - Jakarta - TINPB300 tin variant traded by Indonesia Commodity and Derivative Exchange - ICDX at the close of trading Wednesday (27/09/2017), at 16.00 WIB, weakened 50 points to US $ 20,800 per ton. While at the close of trading (26/09/2017), still at the level of US $ 20,850 per ton.

Quoted from the disclosure of ICDX information, the volume of transactions of tin variant TINPB300 increased to 68 lots, while the previous day only as much as 19 lots.
In addition to the TINPB300 variant, ICDX member businesses also transact tin on the TINPB300 Bulletin variant of 8 lots. The agreed price is also at the level of US $ 20,800 per ton.

ICDX export tin trade at the close of Wednesday (27/09/2017), only recorded as many as 76 lots from two variants TINPB300 and Bulletin TINPB300. While in other variants do not occur transactions from tin business actors.

Although tin price tended to weaken 50 points, ICDX export tin volume jumped 51 lots to 76 lots from Tuesday trading (26/9/2017).

The weakening of the ICDX tin price is expected because buyers still have enough inventory. It was visible from the close of trading Monday (25/09/2017), on the variant TINPB300 record transaction volume of 133 lots.

The negative sentiment of the global market is expected to still affect the movement of tin export price of ICDX until the end of 2017. The indication is seen from the strengthening of tin price which is at the average level of US $ 20,697.3 per lot during the trading period in September 2017.