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The Kuala Lumpur Tin Market Weekly Review 30 Jul – 3 Aug 2018 (6 Aug 2018) |
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Tin trading on the KLTM
during the first trading week of August was mixed. The mixed momentum was in line
with the movement of tin prices on the London Metal Exchange (LME).
Tin prices strengthened
by US$140 per tonne over the weekend to settle at US$19,980 per tonne on Monday.
They then strengthened further by US$120 per tonne to settle at US$20,100 per
tonne on Tuesday, which was the highest price level for the trading week. Thereafter
tin prices softened by US$50, US$80 and US$370 per tonne to settle at
US$20,050, US$19,970 and US$19,600 pert tonne on Wednesday, Thursday and Friday
respectively, with the Friday’s price being the lowest level for the trading
week.
The total
volume of tin traded during the week declined to 222 tonnes, compared to the previous
week volume of 235 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
30/7/18
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US$19,980
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89
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139
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89
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Tuesday
31/7/18
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US$20,100
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24
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116
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24
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Wednesday 1/8/18
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US$20,050
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43
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43
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77
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Thursday 2/8/18
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US$19,970
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18
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31
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45
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Friday
3/8/18
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US$19,600
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48
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52
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95
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(Source: KLTM 6 August 2018)
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