Indonesian exports start to decline in September Release
date: 04 Oct 2007 Indonesian tin exports from February to
September amounted to 61,167 tonnes, according to a trade ministry report
quoted by Bloomberg News today. The preliminary data is based on surveyorsÂ’
reports linked to the new export licencing system brought in February and is
not comparable with previously published official trade figures.
Comparing the latest information with corrected data reported on September 5
covering February-August, it appears that September exports (or the tonnage of
metal surveyed prior to export) were some 9,400 tonnes, down from 11,500 tonnes
in the previous month.
During the eight months to end-September, PT Timah, Indonesia's biggest tin
producer, exported 35,767 tonnes, the report showed. PT Koba Tin, the second
largest, exported 4,483 tons, according to the report. The balance of some
20,900 tonnes was accounted for by six independent smelters, who are believed
to have been shipping out old stocks before the proposed introduction of export
quotas.
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