JAKARTA (Scrap Monster):  The provisional data released by the Indonesian Trade Ministry indicates that the tin exports from the country surged higher during the month of May this year. The total tonnage of Tin checked prior to exports more than doubled when compared to the previous month.

 

According to data, the total tonnage of Tin during May amounted to 12,778.8. Out of these, 11,504.3 tonnes were ingots, 463.5 tonnes of solder and 775 tonnes in other forms. The shipments returned to normal track during the month, after slowdown following the seizure of vessel by the Indonesian Navy. The total tonnage was 25% higher upon comparison with the corresponding data for the month of May 2013.

 

Tin shipped as ingots accounted for bulk of the tonnage, constituting over 90% of the total tonnage. Also, Tin shipped as solder accounted for nearly 4% of the total tonnage.

 

The cumulative tonnage during the initial five-month period of the year totaled 33,217 tonnes. This is 24% lower when compared with the tonnage during the similar five-month period during last year.

 

According to sources, the Indonesian export regulations which came into effect last August have constrained tin shipments from the country. However, the preliminary data for May suggests that exports are back on track.