INDUSTRY.co.id - Jakarta - Already one week of export price traded Indonesia Commodity and Derivative Exchange - ICDX is at a convincing level.

Quoting information disclosure from ICDX, since Tuesday, October 3, 2017, tin price has climbed to US $ 20,700 per ton. And on the weekend, then, Friday (06/10/2017), through US $ 21,100 per ton.

Even at the beginning of this week, on Monday (09/10/2017), export tin price exceeded US $ 21,150 per ton for TINPB200 variant.
Closing of ICDX export tin trade on Tuesday (10/10/2017), tin price perched at US $ 21,000 per ton.

In this trade, there are only two variants traded by market participants, namely TINPB100 70 lots and TINPB200 Bulletin variant of 5 lots, resulting in total transaction volume of 75 lots.

Thus, during October 2017 in seven days trading volume of ICDX export tin transactions reached as many as 288 lots. Of the export tin trade, the variant that dominates the transaction at ICDX namely TINPB300 with 238 lots.

Apparently, ICDX export tin trade is getting high trust from market participants. This is triggered by the policy of the Ministry of ESDM which sets the mineral reference price in accordance with the Regulation of the Minister of Energy and Mineral Resources, No. 44 of 2017, on the Procedures of Selling Price Pricing of Metals and Coal Minerals Sales.

This policy is effective as of 01 October 2017, stipulating the reference price of export tin commodities domestically based on tin trade held in ICDX every trading day.