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The opening of this tin exports when prices began to improve."Exports will disetop until tin prices improved in the level of U.S. $ 23,000 to $ 24,000 per metric ton. At the very least need one month," said Vice Chairman of the Association of Indonesian Tin Industry to KONTAN Rudy Irawan, Friday (30 / 1).
Rudy said the production is only for buyers who have signed a contract. "With this, the stock is less clear," he said.
Tin prices continued to weaken it since April 2011. Tin prices peaked in April 2011 of U.S. $ 32,347 per metric ton. In the following months the price of lead continues to ramp. As of May, the tin bar price fell to U.S. $ 28 271 tonnes. In June, prices fell back to U.S. $ 25 519 tonnes. Currently, the price of tin was still in the level of U.S. $ 20,000 to $ 21.OOO tons.
The weakening of tin prices because supply is abundant.Therefore, exporters of tin is currently discussing the government's quota ekspordengan. Rudy hopes, the provisions of this tin exporters restrictions could take effect next year. "Better we sell 100 tons of tin and a profit of U.S. $ 1 million than to sell 1000 tons of tin, but fortunately the same," said Rudi.
Unfortunately, Rudi still do not know how much quota is most appropriate for its export quota. According to him, the exporters are recalculating the world needs. "The calculations are not yet out," said Rudy.
As a picture, in 2010 the export volume reached 92,853 tons of tin.If the average is taken, tin exports reached 7737 tons per month.Referring to data from the Ministry of Commerce, exports during 2010 was greatest in November 2010 amounted to 8986 tons.While most small tin exports in January 2010 amounted to 6775 tons.
Director of Product Export results Industries and Mines Ministry of Commerce, Sri Nastiti Budiarti supports the re-regulation of tin exports in order to maintain prices. According to him, tin prices fell today due to excess supply.
Seeing the development trend of exports of tin did show an increase of 12.5% compared with last year. Until August 2010, exports only amounted to 60,475 tons of tin. While exports of tin from January to August 2011 reached 68,055 tons.
In contrast to last year, the volume of tin exports only about 6,000 to 8,000 tons per month. However, this year, export volume of tin per month amounting to 7,000 tons to 10,000 tons. The highest exports in June 2011 at 10 875 tonnes. Export the smallest place in May 2011 at 7031 tons.source: kontan.com
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