The Conversation (0)
Indonesian Tin Producers Propose Alternative to LME
Dec. 09, 2011 03:19PM PST
Industrial Metals InvestingBloomberg reported Indonesian tin producers are backing a physical contract as an alternative to the London Metal Exchange.
Bloomberg reported Indonesian tin producers are backing a physical contract as an alternative to the London Metal Exchange.
As quoted in the market news:
The Indonesia Commodity & Derivatives Exchange, which trades palm oil and gold, plans to introduce the new contract next week, offered in lots of 5 metric tons and priced in dollars, according to a statement today. Trade will start Dec. 15, according to Megain Widjaja, exchange chief executive.