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The Kuala Lumpur Tin Market Weekly Review 16 – 20 Apr 2018 (23 Apr 2018) |
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Tin trading on the KLTM
during the third trading week of April was on an upward momentum. It stayed
flat during the first two days of the trading week before strengthening towards
end of the week. The upward momentum was in line with the movement of tin
prices on the London Metal Exchange (LME).
Tin prices stayed
unchanged over the weekend to settle at US$20,980 per tonne on Monday and
continued to stay at that level on Tuesday. They then strengthened by US$300,
US$120 and US$100 per tonne to settle at US$21,280, US$21,400 and US$21,500 per
tonne on Wednesday, Thursday and Friday respectively.
The total
volume of tin traded during the week declined to 175 tonnes, 13 tonnes lower
compared to the previous week volume of 188 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
16/4/18
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US$20,980
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30
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31
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30
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Tuesday
17/4/18
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US$20,980
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30
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30
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30
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Wednesday 18/4/18
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US$21,280
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63
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83
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82
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Thursday 19/4/18
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US$21,400
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22
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47
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27
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Friday
20/4/18
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US$21,500
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30
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65
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30
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(Source: KLTM 23 Apr 2018)
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