Indonesia Starts Trading Physical Contract Tin

Bloomberg reported Indonesia’s exchange started trading physical contract tin on Wednesday after two delays.

As quoted in the market news:

The Indonesia Commodity & Derivatives Exchange, which offers palm oil and gold, had two lots of 5 metric tons each traded before the contract settled at $24,500 a ton. The introduction was delayed from Dec. 15 and Jan. 12 to allow potential users more time to prepare.