Indonesia's tin export in October slid by 59.64 percent to 4,439 tons from that of the previous month, due to a fall of global commodity prices following the weakening demand, local newspaper reported here Wednesday.
Director of the mining products export of the Trade Ministry Agus Tjahyono was quoted by Bisnis Indonesia daily as saying that the prices of most of mining products had declined.
Tin price has decreased to 18,000 U.S. dollars per metric ton from previous price of 23,000 dollars per metric ton, according to Hutomo Dharmo Sutomo, the secretary of the Indonesian tin association.
Indonesia is the world's second-biggest tin producer after China.
Source: Xinhua
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