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The Kuala Lumpur Tin Market Weekly Review 26 Feb – 2 Mar 2018 (5 Mar 2018) |
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Tin trading on the KLTM during the fourth
trading week of February was somewhat flat. It stayed unchanged during the
first two trading days of the week before inching up slightly during mid week.
The market then slid
and stayed unchanged towards end of the trading week. Tin prices were in line
with the somewhat flat momentum of the tin prices on the London Metal Exchange
(LME).
Tin prices rose by
US$150 per tonne over the weekend to settle at US$21,600 per tonne on Monday
and stayed unchanged the following day. They then inched-up by US$100 to settle
at US$21,700 per tonne on Wednesday. The local physical tin market then declined
by US$150 per tonne to settle at US$21,550 per tonne on Thursday and stayed at
that level on Friday.
The total
volume of tin traded during the week rose to 199 tonnes, 33 tonnes higher
compared to the previous week volume of 166 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
26/2/18
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US$21,600
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39
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76
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39
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Tuesday
27/2/18
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US$21,600
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49
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51
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49
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Wednesday 28/2/18
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US$21,700
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47
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72
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47
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Thursday 1/3/18
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US$21,550
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31
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36
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83
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Friday
2/3/18
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US$21,550
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33
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28
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33
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(Source: KLTM 5 Mar 2018)
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