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The Kuala Lumpur Tin Market Weekly Review 20 – 24 Mar 2017 (27 Mar 2017) |
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Tin trading on
the KLTM during the fourth trading week of March was on an upward momentum
supported by high demand and in line with the upward momentum of the tin prices
on the London Metal Exchange (LME).
Tin prices strengthened
over the weekend to settle at US$20,200 per tonne on Monday and stayed
unchanged on Tuesday. They then strengthened further by US$80 and US$100 per
tonne to settle at US$20,280 and US$20,380 per tonne on Wednesday and Thursday
respectively. The local physical tin market then closed the trading week lower
at US$20,220 per tonne on Friday due to a technical correction.
The
total volume of tin traded during the week stood at 177 tonnes, 18 tonnes lower
compared to the previous week volume of 195 tonnes.
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Day
& Date
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Settling
Price
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Turnover
(Tonnes)
|
Highest
Bid (Tonnes)
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Highest
Offer (Tonnes)
|
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Monday
20/3/17
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US$20,200
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51
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87
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51
|
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Tuesday
21/3/17
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US$20,200
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24
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24
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24
|
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Wednesday
22/3/17
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US$20,280
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36
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63
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36
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Thursday 23/3/17
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US$20,380
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35
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60
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35
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Friday
24/3/17
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US$20,220
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31
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31
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70
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(Source: KLTM 27 Mar 2017)
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