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The Kuala Lumpur Tin Market Weekly Review 13 – 17 Mar 2017 (20 Mar 2017) |
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Tin trading on the KLTM
during the third trading week of March was bullish due to high demand and in
line with the upward momentum of the tin prices on the London Metal Exchange (LME).
Prices slid over
the weekend to settle at US$19,150 per tonne on Monday before rebounding and
strengthening thereafter by US$200, US$480, US$50 and US$170 per tonne to
settle at US$19,350, US$19,830, US$19,880 and US$20,050 per tonne on Tuesday,
Wednesday, Thursday and Friday respectively.
The
total volume of tin traded during the week stood at 195 tonnes, 39 tonnes higher
compared to the previous week volume of 156 tonnes.
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Day
& Date
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Settling
Price
|
Turnover
(Tonnes)
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Highest
Bid (Tonnes)
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Highest
Offer (Tonnes)
|
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Monday
13/3/17
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US$19,150
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47
|
47
|
78
|
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Tuesday
14/3/17
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US$19,350
|
23
|
85
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23
|
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Wednesday
15/3/17
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US$19,830
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47
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158
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55
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Thursday 16/3/17
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US$19,880
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36
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75
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42
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Friday
17/3/17
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US$20,050
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42
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78
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42
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(Source: KLTM 20 Mar 2017)
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