INDUSTRY.co.id - Jakarta - Indonesia Commodity and Derivative Exchange - ICDX listed export tin at the close of trading at 4 pm on Friday (29/09), at US $ 20,850 per ton.

Quoted from ICDX information disclosure on Friday (09/29/2017), the price rose by 50 points from trading on Thursday (28/9/2017) which is at US $ 20,800 per ton for the TINPB300 variant.

Meanwhile, the volume of transactions of ICDX member tin exporters in trading on Friday (29/09) is 43 lots only for TINPB300 variants.

With the end of trading period of September 2017, the total volume of ICDX export tin transactions is 1,373 lots. Lower 320 lots compared to the same period in 2016 which reached 1,503 lots.

Nevertheless, the average price of ICDX export tin in September 2017 increased to US $ 20,723 per ton with trading period of 18 days.

In September 2016, the average tin price was only US $ 19,457 per ton with a 20-day trading period. That is, in the period September 2017 the average price of tin has increased by 6.50% compared to the same period in 2016.

On the other hand, the best export price of ICDX exports in September 2017 occurred in trading on September 25, 2017, at US $ 21,000 per tonne for the TIN4NINE variant. While in 2016, then, precisely September 09, 2016, TIN4NINE only at the level of US $ 20,000 per ton.

The strengthening of ICDX export tin price in the period of September 2017, allegedly due to the improving world economy, especially industrial countries producers of electronic products. The trend of export tin price increase is expected to continue until the end of 2017.