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Bloomberg 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.
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