The Indonesian Trade Ministry reporting sharp fall in tin shipments during May. The exports have dropped by 22 percent over the previous month to 5,378 tonnes during the month. When compared with May last year, the exports were down by almost 14 percent. The Ministry data also indicates that 5,390 tonnes of tin were traded on the Indonesian Commodity and Derivatives Exchange (ICDX). The ICDX traded volumes during the month declined by 25 percent month-on-month. According to forecasts by state owned miner PT Tambang Timah Tbk (IDX: TINS) and the Association of Indonesian Tin Exporters (AETI), the country’s tin shipments are likely to range between 60,000 tonnes and 66,000 tonnes in 2016. The exports during the initial five months have just totaled around 22,000 tonnes. The tin prices are likely to gain with weakness in US dollar.