INATIN

INATIN is Indonesian Tin Exchange which has been agreed to settle with coordination of Indonesia and Commodity Derivative Exchange (ICDX) and PT Banda Graha Reksa. It will formally launchs at January 12, 2012.^[1]

Requirements

• Physical show
• At least 99.85 percent purity
• Each lot consisiting of 5 metric tons of tin priced in US dollars

Session

Only 15 minute from 2.30 to 2.45p.m West Indonesian Time (7.30 to 7.45a.m GMT time).^[1]

LME, KLTM and INATIN

London Metal Exchange (LME) and Kuala Lumpur Tin Market (KLTM) are tin contract market (not physical), while INATIN is physical exchange.

Members

Whoever fulfil the requirements. For initial:

• PT Timah (Persero) Tbk (IDX: TINS)
• PT Tambang Timah
• PT Kobatin

Custodian

The custodian is PT Banda Graha Reksa a state-owned company.^[1]

Conflict

About 90 percent of Indonesian Tin Association's (ITA) 28 members denounce INATIN. "We won't sell tin to that market."^[2] But the initial members above are the biggest tin producers.

References