Data from Indonesia’s Trade Ministry shows that the volume of tin checked for export by surveyors fell to 8,231 tonnes in August, 17% lower than in July. The fall in exports may be because some buyers slowed their purchases due to adequate stock, Hartojo Agus Tjahjono, director for exports of industry and mining products, told Reuters.
July tin exports were reported by the ministry at 9,883 tonnes, the total boosted by a large shipment of metal by independent smelters which had been delayed from the previous month.
Total tonnage reported in the first eight months of this year as part of the Trade Ministry’s export licencing system is 64,534 tonnes, while the running twelve month total from September 2007 – August 2008 is 99,082 tonnes.
