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The Kuala Lumpur Tin Market Weekly Review 3 – 7 Apr 2017 (10 Apr 2017) |
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Tin trading on the KLTM
during the first trading week of April was flat for three consecutive days
before strengthening during the remaining days of the week supported by high
demand and in line with the upward momentum of the tin prices on the London
Metal Exchange (LME).
Tin prices declined
by US$50 per tonne over the weekend to settle at US$20,000 per tonne on Monday and
stayed unchanged for two more consecutive days. The local physical tin market
then strengthened by US$150 per tonne to settle US$20,150 per tonne on
Thursday. It then increased again by US$150 per tonne to close the trading week
much higher at US$20,300 per tonne on Friday due to a strong demand.
The
total volume of tin traded during the week increased to 161 tonnes, 19 tonnes higher
compared to the previous week volume of 142 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)
|
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Monday
3/4/17
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US$20,000
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29
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29
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56
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Tuesday
4/4/17
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US$20,000
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31
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31
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35
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Wednesday
5/4/17
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US$20,000
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30
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31
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30
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Thursday 6/4/17
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US$20,150
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25
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65
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25
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Friday
7/4/17
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US$20,300
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46
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90
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46
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(Source: KLTM 10 Apr 2017)
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