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The Kuala Lumpur Tin Market Weekly Review 7 – 11 May 2018 (14 May 2018) |
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Tin trading on the KLTM
during the second trading week of April was quiet as there were only two days
of trading. The market was closed on Wednesday in conjunction with the polling day
of Malaysia’s
14th General Election. The market was again closed on Thursday and Friday as the
new Malaysian Government announced them as additional national public holidays
in marking their winning of the concluded 14th General Election.
Tin prices stayed
unchanged over the weekend to settle at US$21,150 per tonne on Monday and stayed
at that level on Tuesday before the market was closed on Wednesday, Thursday
and Friday.
The total
volume of tin traded during the week declined to 51 tonnes, compared to the previous
week volume of 125 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
7/5/18
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US$21,150
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30
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27
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30
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Tuesday
8/5/18
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US$21,150
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21
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19
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21
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Wednesday 9/5/18
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CLOSED
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Thursday 10/5/18
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CLOSED
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Friday
11/5/18
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CLOSED
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(Source: KLTM 14 May 2018)
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