Field Trip to Renowned Enterprises at the 2025 Southeast Asia Tin Industry Conference - Jakarta Futures Exchange (JFX)

On June 5, after the successful conclusion of the speaking sessions at the 2025 Indonesia Mining Conference & Critical Metals Conference - 2025 Southeast Asia Tin Industry Conference, which was hosted by SMM Information & Technology Co., Ltd. (SMM), supported by the Indonesian Ministry of Foreign Affairs as a government supporter, and co-organized by the Indonesia Nickel Miners Association (APNI), the Jakarta Futures Exchange (JFX), and China Coal Resource, members of the SMM Southeast Asia Tin Industry Conference field trip team visited the Jakarta Futures Exchange (JFX) to gain a better understanding of the actual operational status of enterprises related to the tin industry chain.

During the field trip, both parties engaged in in-depth exchanges on topics such as resource development in the tin industry, market transactions, and the business operations of the Jakarta Futures Exchange, laying a solid foundation for promoting cooperation in areas such as the innovation of tin metal futures varieties and the establishment of an industrial data-sharing mechanism. After the field trip, leaders of the Jakarta Futures Exchange took a group photo with members of the SMM Southeast Asia Tin Industry Conference field trip team.

Introduction to the Jakarta Futures Exchange (JFX)

Company Background

Establishment: The Jakarta Futures Exchange (JFX) is the first futures exchange in Indonesia, established on August 19, 1999, and commenced operations on December 15, 2000.

Founding Shareholders: Comprising 4 palm plantations, 7 refineries, 8 coffee exporters, 8 securities companies, and 2 trading enterprises. The number of JFX shareholders never exceeds 29 at any given time.

JFX Business Introduction

Futures contracts, contracts for difference (CFDs), physical markets, overseas channels, etc.

JFX Products

JFX Trading System

• JAFeTS is a futures market trading platform for the exchange's members.

• ITMS is a web-based tin market trading platform.

• JFX Gold X is a web-based digital gold trading platform connected to banks and gold depositories.

• The overseas channel system is a trading system used to route orders to overseas exchanges.

JFX Tin Spot Market

► Tin Trading License

JFX was approved by the Commodity Futures Trading Regulatory Agency (CoFTRA) on August 6, 2019, to organize a spot market for refined tin ingots as a futures exchange.

►JFX holds approximately 95% of the tin export market share

Export Participants: Buyers: 22, Sellers: 35.

Domestic Participants: Buyers: 9, Sellers: 3.

►Flowchart of Registration Process for Tin Trading Participants

Indonesian Tin Market System

Contract Size

Tin Quality

Delivery Port

The delivery method is Free On Board (FOB), calculated from the seller's registered warehouse.

►Loading Locations:

Pangkal Balam Port (Bangka Belitung);

Muntok Port (Bangka Belitung);

Kundur Port (Riau);

Batu Ampar Port (Riau).

Trading Hours

The trading hours for the physical tin ingot market are in the Western Indonesia Time Zone (GMT+7), with the market open on weekdays from Monday to Friday.

►The trading sessions are as follows:

First Session: 11:00 – 11:30;

Second Session: 16:00 – 16:30;

Third Session: 20:30 – 21:00.

Spot Market Mechanism

Relevant information on the JFX tin spot market can be downloaded via the QR code below:

》Click to view the special report on the 2025 Indonesia Mining Conference & Critical Metals Conference