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Indonesia has introduced changes in Nickel and tin sectors

22 August 2017

Indonesia increases export supplies. In July of this year, one and a half times increased the export of tin. The increase occurred in June after a sharp reduction of exported quantities of the metal. Its data has provided the Indonesian Ministry of trade. In July, shipments of tin solder and ingots of this metal abroad reached 6,2 thousand tons. In June, the figure was 4 million tons. If we consider the value of exported tin increased by 59%. The previous rate was 78.46 million USD, while the real reaches of 124.76 million USD. if we compare the results with July of last year, shipments increased by 87%. The cost of exported products increased 111%.

The largest market involved in the sale of tin from Indonesia is Singapore. It is far superior to other countries in respect of this indicator. In June, the Singapore market did 2.25 thousand tons of tin. Its value amounted to USD 45.2 million. In second place is South Korean market, where it is delivered 938 tons of metal. The amount of supply reaches 18.79 million USD. in third place Netherlands buying Indonesian tin in the amount of 852,8 tons worth USD 17.11 million. Japan gets 540,4 tons, the value of which reaches USD 10.81 million.

Nickel market is also expected major changes. They occur on the background issued two Indonesian companies permits shipment of Nickel raw materials abroad. Company PT Trimegah Bangun Persada will be allowed to export one and a half million tons of raw materials. Delivery PT Gane Permai Sentosa reached 0.5 million tonnes. However, the recommendation of the Ministry of resources require confirmation by the Ministry of trade of the country.

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