Adis Imam Munandar
Student of Business School of Business School
Bogor Agricultural University
Hermanto Siregar
Lecturer of Business School of Business School
Bogor Agricultural University
Trias Andati
Lecturer of Business School of Business School
Bogor Agricultural University
Lukytawati Anggraeni
Lecturer of Business School of Business School
Bogor Agricultural University
Abstract
Indonesian government establishedtin commodity exchange as a reference for world’s tin price. Currently, there are threecommodity exchanges in the world. This research aims to analyzerelationship of tin commodity exchanges between LondonMetal Exchange (LME), Kuala Lumpur Tin Market (KLTM) and Indonesian Tin Exchange (INATIN). Daily data wereobtained since August 23rd, 2013 to December 31st, 2015. We utilized Granger Causality and verified through interviews withtin’s experts. The result indicates that price alterations in INATIN influence the price in other commodity exchanges and notvice versa. The experts consider it yet to be optimized in influencing other commodity exchanges, especially with regard toAlternative Delivery Procedure system in Indonesia Commodity and Derivatives Exchanges (ICDX).
