INDUSTRY.co.id - Nusadua - Indonesia already has a reference price of exported tin through the physical market mechanism held by Indonesia Commodity and Derivative Exchange-ICDX since last August 2013.

To date, the price of ICDX lead has affected other tin markets in foreign countries. In fact, sometimes ICDX tin prices are much more attractive to smelters than other markets.

Head of Bappebti, Bachrul Chairi, said the ICDX as a commodity futures exchange has obviously contributed to the national economy with the establishment of tin physical market on August 30, 2013, then.

"It must be admitted that with the ICDX tin market, Indonesia is a market as well as a reference for tin prices both domestically and in the world market," Bachrul said on the sidelines of Indonesia Tin Coference and Exhibition ITCE 2017 held in Nusadua, Bali, Monday (8/28/2017).

Therefore, said Bachrul, Bappebti as the supervisor and supervisor of commodity futures trading, hopes that ICDX will soon develop tin market derivatives in the form of futures contracts.

Therefore, with the existence of tin futures contracts make the business actors more comfortable and obtain certainty in making decisions and minimize risks.