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The Kuala Lumpur Tin Market Weekly Review 2 – 6 Apr 2018 (9 Apr 2018) |
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Tin trading on the KLTM
during the first trading week of April was mixed. It strengthened earlier
during the trading week, stayed flat during mid week and then declined before rebounding
to closing the week slightly higher. The mixed momentum was in line with the movement
of tin prices on the London Metal Exchange (LME).
Tin prices remained
unchanged over the weekend to settle at US$21,050 per tonne on Monday. They
then rose by US$200 per tonne to settle at US$21,250 per tonne on Tuesday and
stayed unchanged the following day before declining by US$320 per tonne to
settle at US$20,930 per tonne on Thursday. The local physical tin market then rebounded
to close the trading week at US$21,000 per tonne on Friday.
The total
volume of tin traded during the week rose to 177 tonnes, 97 tonnes lower
compared to the previous week volume of 274 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
2/4/18
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US$21,050
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38
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33
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38
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Tuesday
3/4/18
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US$21,250
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40
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65
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42
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Wednesday 4/4/18
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US$21,250
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35
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35
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40
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Thursday 5/4/18
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US$20,930
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21
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17
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67
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Friday
6/4/18
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US$21,000
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43
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60
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43
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(Source: KLTM 9 Apr 2018)
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