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The Kuala Lumpur Tin Market Weekly Review 30 Apr – 4 May 2018 (7 May 2018) |
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Tin trading on the KLTM
during the first trading week of May was mixed. The mixed momentum was in line
with the movement of tin prices on the London Metal Exchange (LME).
Tin prices softened by
US$250 per tonne over the weekend to settle at US$21,000 per tonne on Monday
before closing on Tuesday in conjunction with the Labour Day holiday. They then
rose by US$150 per tonne to settle at US$21,150 per tonne on Wednesday,
Thursday and Friday.
The total
volume of tin traded during the week declined to 125 tonnes, compared to the previous
week volume of 169 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
30/4/18
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US$21,000
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35
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33
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94
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Tuesday
1/5/18
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CLOSED
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Wednesday 2/5/18
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US$21,150
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29
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64
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29
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Thursday 3/5/18
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US$21,150
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19
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16
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19
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Friday
4/5/18
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US$21,150
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42
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47
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42
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(Source: KLTM 7 May 2018)
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