INDUSTRY.co.id - Jakarta - Indonesia Commodity and Derivative Exchange - ICDX at the weekend on Friday (13/10/2017), at 16:00 pm closed the export tin trade with the volume of transactions jumped 556.4% to 256 lots from the close of trading on Thursday (12/10/2017 ) which recorded as many as 39 lots.

Export tin variants that experienced the volume of trading volume on Friday (13/10/2017) TINPB300 as much as 228 lots with a position price of US $ 20,500 per ton. In addition, there are also transactions for TINPB200 Bulletin variants recorded as many as 16 lots and TINPB100 as many as 25 lots with prices at the same level of US $ 20,500 per ton.

If totaled in a week of export transactions in ICDX reaches 528 lots, or during October 2017 with 10 trading days there are 662 lots which is equivalent to 3,310 tons.

Although tin export volume jumped to 556.4%, tin price tended to decline compared to the close of trading on Thursday (12/10/2017), which was at the level of US $ 20,900 per ton.

Pressure on export tin price is expected because of the large inventory of smelters. On the other hand, US economic data is predicted to continue to weaken due to inflation that triggered an increase in interest rates and impact on the weakening US dollar exchange rate. As a result, there is a tendency for smelters to release supplies before the dollar continues to weaken against the rupiah