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Bloomberg reported Indonesia’s refined tin shipments gained 12 percent in October reaching a 10-month high as prices gained.
Bloomberg reported Indonesia’s refined tin shipments gained 12 percent in October reaching a 10-month high as prices gained.
As quoted in the market news:
Exports rose to 11,048.4 metric tons from 9,874.5 tons in September, data from the Trade Ministry showed today. That’s the highest level since December, when shipments reached 15,102.8 tons. Sales were 5,441.6 tons in October of last year.
Higher shipments from Indonesia, which account for about 40 percent of global trade, may halt the rally in tin in London. Futures have risen 17 percent since July when the metal plunged to the lowest close since 2010.