JFX: The Changing Landscape of Indonesia's Tin Industry [SMM Tin Summit]

On October 29, at the 2024 (14th) SMM Tin Industry Chain Summit, hosted by SMM Information & Technology Co., Ltd. and Shandong Aisi Information Technology Co., Ltd., strategically partnered with Jakarta Futures Exchange, specially co-organized by Yunnan Tin Company Limited, co-organized by Gejiu Industrial Development Group Co., Ltd., Gejiu Qiandao Metal Co., Ltd., Honghe Hongtou Industrial Co., Ltd., supported by Honghe Gejiu Hongning Mining Co., Ltd., Ganzhou Qianshun New Materials Co., Ltd., Guangxi Huaxi Nonferrous Metals Co., Ltd., Jiangxi Zili Environmental Protection Technology Co., Ltd., Dongguan Yunde Metal Co., Ltd., Yunnan Chengfeng Nonferrous Metals Co., Ltd., Shenzhen Huake Industrial Co., Ltd., Dongguan Shuangyuan Metal Materials Co., Ltd., Dongguan Lvzhi Island Metal Co., Ltd., Honghe Yongsen Mining Co., Ltd., Dongguan Tenghui Tin Industry Co., Ltd., Jiangxi Xinnanshan Technology Co., Ltd., PT Mitra Stania Prima, Ma'anshan Weitai Tin Industry Co., Ltd., Guangdong Hanhe Nonferrous Metals Co., Ltd., Hongchen Metal Trading (Beijing) Co., Ltd., Huichang Xiaoshan Tin Industry Co., Ltd., Shenzhen Pengkai New Materials Technology Co., Ltd., Yunnan Yunfan Nonferrous Metals Co., Ltd., Shenzhen Yongjiarun Metal Co., Ltd., Baotuolai Solder (Changzhou) Co., Ltd., Ganzhou Kaiyuan Technology Co., Ltd., Ganzhou Jingge New Materials Co., Ltd., Wuxi Fanchuan Tin Industry Co., Ltd., Shenzhen Chaofu Hydrogen Wine Industry Technology Co., Ltd., Stephanus Paulus Lumintang, CEO of Jakarta Futures Exchange, discussed the changing landscape of Indonesia's tin industry.

JFX (Jakarta Futures Exchange)

Introduction

♦ JFX was established on August 19, 1999, by 4 palm plantations, 7 refineries, 8 coffee exporters, 8 securities companies, and 2 general traders.

♦ 29 independent shareholders.

♦ Initially, JFX traded olein and Robusta coffee contracts and expanded its business scope to gold and crude palm oil spot markets in 2009.

♦ In December 2013, JFX launched new products, including Arabica and Robusta coffee contracts, rubber spot market, coal spot market, and periodic rolling gold contracts.

♦ In August 2019, JFX successfully launched the tin spot market.

♦ APEX, the Cambodian exchange, is currently MCX.

Before tin trading on the exchange: Tin sales were conducted through long-term contracts or direct sales to domestic and international buyers, lacking transparency, and exports were unregulated.

After tin trading on the exchange: All tin transactions from Indonesia must go through the exchange, enhancing tin price transparency through the JFX tin trading platform in a fair and orderly market; more competitive pricing; gradually becoming the benchmark price.

JFX's Role in Tin Trading

Ensuring price transparency.

Providing a fair and orderly market through the JFX tin trading platform.

Contributing to the development of a more standardized and transparent tin industry.

Collaborating with Indonesian authorities and global buyers to enhance the legitimacy of Indonesian tin in the global market.

Providing price references for tin and related industries.

Generating market interest in Indonesian tin price trends, thereby establishing an Indonesian tin price benchmark.

Indonesia is becoming the tin price benchmark

Creating a platform, collaborating with leading regional index providers, regularly providing accurate information, and gaining regulatory support to internationalize the Indonesian tin industry.

Establishing a transparent and reliable trading platform, JFX can provide reliable market data that accurately reflects supply and demand dynamics through transparent and real-time pricing for nickel futures contracts.

♦ Global market integration: cross-listing, establishing partnerships, and unifying standards.

♦ Regulatory support and stability: government support and investor protection.