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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