The Kuala Lumpur Tin Market Weekly Review 3 7 Apr 2017 (10 Apr 2017)
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.  

 

 

 

Day & Date

Settling Price

Turnover (Tonnes)

Highest Bid (Tonnes)

Highest Offer (Tonnes)

Monday

3/4/17

US$20,000

29

29

56

Tuesday

4/4/17

US$20,000

31

31

35

Wednesday 5/4/17

US$20,000

30

31

30

Thursday 6/4/17

US$20,150

25

65

25

Friday 

7/4/17

US$20,300

46

90

46

 

 

 (Source: KLTM 10 Apr  2017) 

 

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