|
The Kuala Lumpur Tin Market Weekly Review 5 – 9 Mar 2018 (12 Mar 2018) |
|
Tin trading on the KLTM
during the first trading week of March was mostly on a downward momentum. It
declined most of the days during the trading week before closing the week flat.
The downward momentum was due to low demand and in line with the downward
momentum of the tin prices on the London Metal Exchange (LME).
Tin prices remained
unchanged over the weekend to settle at US$21,550 per tonne on Monday. They
then declined by US$30, US$120 and US$50 per tonne to settle at US$21,520,
US$21,400 and US$21,350 per tonne on Tuesday, Wednesday and Thursday respectively.
The local physical tin market then stayed unchanged to close the trading week at
US$21,350 per tonne on Friday.
The total
volume of tin traded during the week rose to 202 tonnes, 3 tonnes higher
compared to the previous week volume of 199 tonnes.
|
Day & Date
|
Settling Price
|
Turnover (Tonnes)
|
Highest Bid (Tonnes)
|
Highest Offer (Tonnes)
|
|
Monday
5/3/18
|
US$21,550
|
25
|
20
|
25
|
|
Tuesday
6/3/18
|
US$21,520
|
17
|
15
|
22
|
|
Wednesday 7/3/18
|
US$21,400
|
45
|
45
|
76
|
|
Thursday 8/3/18
|
US$21,350
|
50
|
55
|
50
|
|
Friday
9/3/18
|
US$21,350
|
65
|
70
|
65
|
(Source: KLTM 12 Mar 2018)
Help this site to stay free & run by buying me a cup of coffee!mfBeer Joomla! Plugin
|
to get Mozilla Firefox