Indonesia's top tin exporter Timah says stopped tin shipments

Reuters

SINGAPORE, Sept 4 (Reuters) - Indonesia's top tin exporterPT Timah has stopped tin shipments and declared forcemajeure since August 30 when new regulations forcing domesticproducers to trade on a local exchange came into force, acompany spokesman said.

Responding to a question asking whether the company hadcalled forced majeure, Timah corporate secretary Agung Nugrohosaid in a text message: "Yes, we have since the INATIN isimplemented, 30th August".

The Indonesia Commodity and Derivatives Exchange (ICDX)launched the country's only physical tin contract last year. As of last Friday, all 47 registered tin ingotexporters must now trade on a domestic exchange before shippingmaterial. (Reporting by Michael Taylor in JAKARTA and Melanie Burton inSINGAPORE; Editing by Muralikumar Anantharaman)

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