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The Kuala Lumpur Tin Market Weekly Review 12 – 16 Mar 2018 (19 Mar 2018) |
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Tin trading on the KLTM
during the second trading week of March was mostly on a downward momentum. However,
it managed to inch-up slightly during the second trading day before declined towards
end of the trading week. 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 declined
by US$20 per tonne over the weekend to settle at US$21,330 per tonne on Monday.
They then inched up by US$20 per tonne to settle at US$21,350 per tonne on
Tuesday before declining by US$130, US$50 and US$120 per tonne to settle at US$21,220,
US$21,170 and US$21,050 per tonne on Wednesday, Thursday and Friday respectively.
The total
volume of tin traded during the week declined to 159 tonnes, 43 tonnes lower
compared to the previous week volume of 202 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
12/3/18
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US$21,330
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44
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44
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46
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Tuesday
13/3/18
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US$21,350
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32
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42
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32
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Wednesday 14/3/18
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US$21,220
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34
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59
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67
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Thursday 15/3/18
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US$21,170
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21
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21
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42
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Friday
16/3/18
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US$21,050
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28
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28
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46
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(Source: KLTM 19 Mar 2018)
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