The Kuala Lumpur Tin Market Weekly Review 21 – 25 May 2018 (28 May 2018)

Tin trading on the KLTM during the fourth trading week of May declined further, a follow through from the previous week trading momentum. The decline was in line with the downward movement of tin prices on the London Metal Exchange (LME).

Tin prices stayed unchanged over the weekend to settle at US$20,700 per tonne on Monday and continued to stay at that level on Tuesday. They then declined by US$150 per tonne on Wednesday and stayed unchanged on Thursday before declining further by US$130 per tonne to close the trading week at US$20,420 per tonne on Friday.   

 

The total volume of tin traded during the week rose to 207 tonnes, 43 tonnes higher compared to the previous week volume of 164 tonnes. 

 

Day & Date

Settling Price

Turnover (Tonnes)

Highest Bid (Tonnes)

Highest Offer (Tonnes)

Monday

21/5/18

US$20,700

48

43

48

Tuesday

22/5/18

US$20,700

25

25

25

Wednesday 23/5/18

US$20,550

68

63

78

Thursday 24/5/18

US$20,550

34

34

34

Friday 

25/5/18

US$20,420

32

32

57

 

 

 (Source: KLTM 28 May 2018) 

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