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The Kuala Lumpur Tin Market Weekly Review 27 Feb – 3 Mar 2017 (6 Mar 2017) |
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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.
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Day
& Date
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Settling
Price
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Turnover
(Tonnes)
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Highest
Bid (Tonnes)
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Highest
Offer (Tonnes)
|
|
Monday
27/2/17
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US$19,430
|
29
|
132
|
87
|
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Tuesday
28/2/17
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US$19,180
|
21
|
33
|
75
|
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Wednesday
1/3/17
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US$19,280
|
25
|
84
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25
|
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Thursday 2/3/17
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US$19,550
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29
|
99
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29
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Friday
3/3/17
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US$19,500
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20
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20
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35
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(Source: KLTM 6 Mar 2017)
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