By Romel S. Gurky
Japan’s Hanwa Co., Ltd. announced Friday it has completed its membership registration with the Jakarta Futures Exchange (JFX), further expanding its footprint in Indonesia’s growing futures market.
Founded in August 1999, JFX is Indonesia's first futures exchange and has been a critical player in the country's commodities trading. The exchange began handling tin ingots in 2019 and, as of April 2025, is responsible for trading approximately 90% of the total domestic tin ingots in Indonesia.
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Indonesia, a key global supplier of tin, implemented ore export measures in 2014, mandating that all tin ingots be traded through domestic commodity exchanges. The country produces around 20% of the world’s tin ingot supply, making it a vital source for the global market.
Hanwa’s registration with JFX is aimed at strengthening its supply chain and ensuring the stable supply of metal resources, Hanwa said in a statement. The company plans to leverage its position on the exchange to enhance its trading capabilities and build a comprehensive supply network within Indonesia's booming tin industry.
Editing by Reiner Simanjuntak
