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The Kuala Lumpur Tin Market Weekly Review 6 – 10 Mar 2017 (13 Mar 2017) |
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Tin trading on the KLTM
during the second trading week of March was rather mixed due to the uncertainty
of the global economy and volatility in the commodity sector.
Prices slid
slightly over the weekend to settle at US$19,450 per tonne on Monday before declining
further by US$150 and US$50 per tonne to settle at US$19,300 and US$19,250 per
tonne on Tuesday and Wednesday respectively. The local physical tin market then
inched-up slightly by US$50 per tonne to settle at US$19,300 per tonne on
Thursday due to a technical correction before ending the trading week lower at
US$19,250 per tonne on Friday.
The
total volume of tin traded during the week stood at 156 tonnes, 32 tonnes higher
compared to the previous week volume of 124 tonnes.
|
Day
& Date
|
Settling
Price
|
Turnover
(Tonnes)
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Highest
Bid (Tonnes)
|
Highest
Offer (Tonnes)
|
|
Monday
6/3/17
|
US$19,450
|
27
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27
|
50
|
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Tuesday
7/3/17
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US$19,300
|
24
|
24
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60
|
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Wednesday
8/3/17
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US$19,250
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47
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47
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60
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Thursday 9/3/17
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US$19,300
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31
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40
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31
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Friday
10/3/17
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US$13,250
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27
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27
|
57
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(Source: KLTM 13 Mar 2017)
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