Tin buyers eye Indonesian exchange after rule change

Posted on September 6, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

JAKARTA/SINGAPORE Sept 5 (Reuters) – Indonesia’s only regulated tin exchange said it is fielding calls from potential buyers of the metal after new trading rules forced a top producer to stop shipments last week, but others said they will sit out for now.

“We have seven buyers and more coming up,” Megain Widjaja, chief executive of the Indonesia Commodity and Derivatives Exchange (ICDX), told Reuters. “There are so many phone calls that I need to take from the last two days, from buyers who wish to get onboard and get tin ASAP.

http://www.reuters.com/article/2013/09/05/indonesia-tin-trade-idUSL4N0H10PI20130905