The average of ICDX's tin price at the beginning of April was observed to have remained stable above the level of USD 27,000 per ton. Meanwhile, the total volume of Indonesian tin transactions for export destinations in March reached more than 6,500 tonnes, of which 45% of transactions were made through the ICDX.
Starting the week bearish, the COFR crude oil contract price on the Indonesian Commodity and Derivatives Exchange managed to make a significant recovery since mid-week and ended the week with an appreciation of 1.50%
Still moving back and forth around the same level throughout last week between $ 1730 - $ 1740 benchmark, the GOLDUD contract is broadly still moving on the back of the USD valuation which was busy responding to a number of important headlines from the US, and other developments in global sentiment.
The ICDX's tin price was shown to have increased by 6 percent in a week, supported by several positive catalysts, from the supply side, including bad weather that hit Indonesia as the second-largest tin producer in the world which had an impact on the disruption of tin mining activities at sea.
Menjelang penutupan pekan ke 2 bulan September, pasar minyak global diguncang oleh berita yang cukup mengejutkan, yaitu serangan pesawat tak berawak atau drone pada hari Sabtu (14/9) di sebuah fasilitas pemrosesan minyak daerah Abqaiq dan ladang minyak Khurais, yang keduanya dioperasikan oleh Saudi Aramco, perusahaan produksi minyak milik negara Arab Saudi