JAKARTA . PT Timah Tbk ( TINS ) will reduce sales to the spot
market . This policy is to boost the price of lead continues to decline
.
Yesterday ( 7/8 ) , tin price closed at U.S. $ 17,900 per metric ton on the London Metal Exchange. This price is down 30 % this year compared to the highest price of U.S. $ 25,880 per metric ton .
" With the market situation , we will reduce sales in the spot market and fulfill the contract has been signed , " said President Director Sukrisno .
Tin has been committed to selling 60% of the production this year to meet the sales contract has been signed. Mining company is not planning to cut production and will build a storage area.
This company's sales have dropped 1.2 % to 17 236 per ton in the last six months to 30 June. Production also decreased 19 % to 14 984 tonnes .
Yesterday ( 7/8 ) , tin price closed at U.S. $ 17,900 per metric ton on the London Metal Exchange. This price is down 30 % this year compared to the highest price of U.S. $ 25,880 per metric ton .
" With the market situation , we will reduce sales in the spot market and fulfill the contract has been signed , " said President Director Sukrisno .
Tin has been committed to selling 60% of the production this year to meet the sales contract has been signed. Mining company is not planning to cut production and will build a storage area.
This company's sales have dropped 1.2 % to 17 236 per ton in the last six months to 30 June. Production also decreased 19 % to 14 984 tonnes .
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