Tin Exports From Indonesia May Drop 26% This Month on Curbs
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Tin shipments from Indonesia, the world’s largest exporter, may slump 26 percent this month to the lowest level in almost three years after producers agreed to ban spot-market sales to try to reverse a decline in prices.
Exports may drop to 4,000 metric tons, according to the median estimate in a Bloomberg News survey of eight traders, analysts and producers compiled last week. That compares with 5,442 tons in October and an average of 8,136 tons in the first nine months, before the ban took effect. The trade ministry may issue the data for November in the second week of December.