As the world's largest exporter of tin ingots, Indonesia plays a significant role in the global tin industry landscape. Its tin ingot exports impact the international market structure. In recent years, Indonesia's tin ingot exports have fluctuated due to factors such as policy adjustments and changes in resource reserves. Against this industry backdrop, timely Indonesia tin FOB prices are crucial for upstream and downstream enterprises in the global tin industry chain. In response to market changes, to meet the broad user demand for Indonesia tin ingot FOB price discovery, and to enhance market information transparency, SMM has decided:
Starting from September 19, 2025, to publish the ‘SMM Tin 99.9% Ingot premium, FOB Indonesia, USD/tonne’ price.
Price details are as follows:
- Description: SMM Tin 99.9% Ingot premium, FOB Indonesia, USD/tonne
- Quality: Tin ingot with 99.9% purity, conforming to LME specification (BS EN 610:1996) and containing 200 - 300 ppm lead.
- Definition: FOB Indonesia, excluding tax, premium on top of LME cash prices
- Unit: USD/tonne
- Quantity: Min 5 tonnes
- Timing: Within 2 weeks
- Payment Terms: Cash against document, telegraphic transfer, other terms normalized
- Publication: Weekly, Friday 10:30 AM Beijing Time
SMM Tin Industry Research Department
September 12, 2025