Indonesia bourse plans to launch tin futures next year

Posted on November 21, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

JAKARTA, Nov 21 (Reuters) – Indonesia’s main commodities exchange is planning to build on its physical tin contract by offering tin futures next year that it hopes could help win trade from the London Metal Exchange.

Indonesia in August forced all its tin ingot exporters to trade on the Indonesia Commodity and Derivatives Exchange (ICDX), before shipping the solder material, in a bid to raise prices and curb illegal mining, as well as to gain a greater say over global prices now dominated by the LME.