The Kuala Lumpur Tin Market Weekly Review 27 Feb – 3 Mar 2017 (6 Mar 2017) |
The KLTM prices rose over
the weekend to settle at US$19,430 per tonne on Monday before declining
substantially by US$250 to settle at US$19,180 per tonne on Tuesday.
Thereafter, the
tin price rebounded by US$100 and US$270 per tonne to settle at US$19,280 and
US$19,550 per tonne on Wednesday and Thursday respectively. The local physical
tin market closed the trading week lower at US$19,500 per tonne on Friday.
The
total volume of tin traded during the week stood at 124 tonnes, 43 tonnes lower
compared to the previous week volume of 167 tonnes.
Day
& Date
|
Settling
Price
|
Turnover
(Tonnes)
|
Highest
Bid (Tonnes)
|
Highest
Offer (Tonnes)
|
Monday
27/2/17
|
US$19,430
|
29
|
132
|
87
|
Tuesday
28/2/17
|
US$19,180
|
21
|
33
|
75
|
Wednesday
1/3/17
|
US$19,280
|
25
|
84
|
25
|
Thursday 2/3/17
|
US$19,550
|
29
|
99
|
29
|
Friday
3/3/17
|
US$19,500
|
20
|
20
|
35
|
(Source: KLTM 6 Mar 2017)
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