science

INATIN

INATIN is a science topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand INATIN rather than just read about it. In short: INATIN (Indonesian Tin Exchange) which agreed to settle with the coordination of the Indonesia Commodity Derivative Exchange (ICDX) and PT Banda Graha Reksa. It was formally launched on February 1, 2012.

Key takeaways

INATIN belongs to science; place it in that map before memorising details.
Learn the definition first, then one example that makes the definition concrete.
Connect INATIN to a quantity you can measure, compute or draw — that is where exam questions come from.
Reproduce the core statement of INATIN from memory before moving on to harder problems.

Reference excerpt

INATIN (Indonesian Tin Exchange) which agreed to settle with the coordination of the Indonesia Commodity Derivative Exchange (ICDX) and PT Banda Graha Reksa. It was formally launched on February 1, 2012.

Requirements Physical show, not futures At least 99.86 percent purity and has a brand Sellers and buyers should be members of ICDX and pay the membership fee Each lot consists of 5 metric tons of tin Free On Board priced in US dollars with minimum decrease/increase price $5 per lot Transaction fee 0.06 percent Payment/settlement is T+2, or 2 days after transaction; the tin sales are to be delivered through Mentok port and Pangkalan Balam port in Bangka Island

Session Before the trading session begins, Tin Commission will decide the minimum or suggested opening bid price. The session is only 15 minutes, from 2.30 to 2.45 p.m. West Indonesian Time (7.30 to 7.45 a.m. UTC time). One minute after closing, the closing price will be announced.

LME, KLTM and INATIN London Metal Exchange (LME) and Kuala Lumpur Tin Market (KLTM) are tin contract markets (not physical), while INATIN is a physical exchange.

Members Whoever fulfills the requirements:

PT Timah (Persero) Tbk (IDX: TINS) PT Tambang Timah PT Timah Industri PT Kobatin PT Mitra Stannia Prima 3H Co. Ltd.(Korea) Gold Matrix Resources Pte Ltd Purple Products Pvt Ltd PT Comexindo International PT Refined Banka Tin Toyota, Mitsubishi and Hanwa still in the process as buyers

Custodian The custodian is PT Banda Graha Reksa, a state-owned company.

Price maker At the first trade on February 1, 2012 there were 9 members; they opened for an equivalent of a metric ton at $24,640, closing at $24,500. LME closed at $20,290. The transactions were still very low with only 2 lot (10 metric tons) transactions, but INATIN hopes it will change the price taker position to be a price maker.

Conflict About 90 percent of Indonesian Tin Association's (ITA) 28 members denounce INATIN: "We won't sell tin to that market." But the initial producer members above are the biggest tin producers with production at more than 50 percent. Peraturan Menteri Perdagangan R.I. Nomor 32/M-DAG/PER/6/2013 stated that tin block and other types of tin should be traded first at bourse before the tin can be exported, for tin block initial August 30, 2013, while other types of tin initial Januari 1, 2015.

References

Worked examples

Example 1 — a first encounter with INATIN

Start with the simplest possible case. Write down what INATIN claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In science, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to INATIN before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about INATIN ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of INATIN

In research: INATIN appears in science research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry: Engineering practice reuses INATIN in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom: INATIN is common in secondary-school and first-year university syllabi. It links to neighbouring topics 2012 establishments in Indonesia, Commodity exchanges, Economy of Indonesia, so understanding it makes those chapters shorter.
In everyday life: Look for INATIN outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.

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How to study INATIN in 20 minutes

Read the reference excerpt below once, without taking notes.
Close the page and write down what INATIN means in your own words.
Compare your version with the excerpt and mark what you missed.
Work through the three examples above with pen and paper.
Explain INATIN out loud to somebody else — or to Teacher Smith in the lgStudy chat.

Frequently asked questions

What is INATIN in simple terms?

Why does INATIN matter?

Because it connects several science ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study INATIN?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on INATIN.