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LME OFFICIALS: Tin prices up $200 on weak Indonesian export statistics

February 13, 2014 - 14:58 GMT Location: London

KEYWORDS: tin , Indonesia export , base metal prices , copper , aluminium

Tin prices rose $200 on an official basis on the London Metal Exchange on Thursday February 13, on weak export statistics from Indonesia, tin’s largest exporter.

Three-month tin prices settled at $22,560/570 per tonne, up from $22,360/370 in Wednesday’s officials, and up almost $100 from the opening price of $22,469. "Exports from Indonesia had been picking up steadily as more and more producers were getting involved in the local exchange [as required by Indonesia’s trade regulations], but the January figures were disappointing and that was the spark that has pushed the tin...

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