Indonesia Tin Exports Expected to Drop 11% on Heavy Rains

Bloomberg reported tin exports from Indonesia are expected to drop by 11% in the next quarter because of heavy rains.

As quoted in the market news:

Exports may drop 11 percent to 20,000 metric tons from 22,568 tons a year earlier, according to the median estimate in a survey of four company executives, an analyst and a trader this week. That’s the lowest for any quarter since the first three months of 2010 when sales were 19,975 tons, data from the trade ministry showed.

Click here to read the full Bloomberg report.