The Kuala Lumpur Tin Market Weekly Review 9 – 13 Jul 2018 (16 Jul 2018)

Tin trading on the KLTM during the second trading week of July was on a mixed momentum and was in line with the movement of tin prices on the London Metal Exchange (LME).

Tin prices increased by US$30 per tonne over the weekend to settle at US$19,400 per tonne on Monday. They then increased further by US$320 per tonne to settle at US$19,720 per tonne on Tuesday, the highest price level for the trading week. The upward momentum was short lived as tin prices declined by US$220 per tonne to settle at US$19,500 per tonne on Wednesday as sellers took advantage from the earlier high price to sell. Tin prices declined further by US$120 per tonne to settle at US$19,380 per tonne on Thursday, the lowest level for the trading week. The local physical tin market then rebounded by US$310 per tonne to close the trading week at US$19,690 per tonne on Friday.   

 

The total volume of tin traded during the week declined to 168 tonnes, compared to the previous week volume of 179 tonnes.  

 

 

Day & Date

Settling Price

Turnover (Tonnes)

Highest Bid (Tonnes)

Highest Offer (Tonnes)

Monday

9/7/18

US$19,400

55

65

55

Tuesday

10/7/18

US$19,720

24

102

24

Wednesday 11/7/18

US$19,500

30

35

74

Thursday 12/7/18

US$19,380

24

26

68

Friday 

13/7/18

US$19,690

35

117

35

 

 (Source: KLTM 16 July 2018) 

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