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The Kuala Lumpur Tin Market Weekly Review 2 – 6 Jul 2018 (9 Jul 2018) |
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Tin trading on the KLTM
during the first trading week of July was lack lustre. The downward momentum
was in line with the movement of tin prices on the London Metal Exchange (LME).
Tin prices strengthened
by US$150 per tonne over the weekend to settle at US$19,850 per tonne on Monday.
They then softened by US$100 per tonne to settle at US$19,750 per tonne on
Tuesday and stayed unchanged on Wednesday. Tin prices slid further on Thursday
and Friday by US$90 and US$290 per tonne to settle at US$19,660 and US$19,370
per tonne respectively.
The total
volume of tin traded during the week inched-up slightly to 179 tonnes, compared
to the previous week volume of 178 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
2/7/18
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US$19,850
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21
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78
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21
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Tuesday
3/7/18
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US$19,750
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46
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51
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62
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Wednesday 4/7/18
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US$19,750
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45
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44
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45
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Thursday 5/7/18
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US$19,660
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31
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35
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45
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Friday
6/7/18
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US$19,370
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36
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37
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65
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(Source: KLTM 9 July 2018)
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