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The Kuala Lumpur Tin Market Weekly Review 27 – 31 Aug 2018 (3 Sep 2018) |
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Tin trading on the KLTM
during the final trading week of August were mostly on a mixed momentum and was
in line with the movement of tin prices on the London Metal Exchange (LME).
Tin prices declined by
US$20 per tonne over the weekend to settle at US$18,980 per tonne on Monday.
They then rebounded by US$140 per tonne to settle at US$19,120 per tonne on
Tuesday. Tin prices then softened by US$70 per tonne to settle at US$19,050 per
tonne on Wednesday and stayed unchanged on Thursday as traders were unsure of
the market’s direction. The local physical tin market was closed on Friday in
conjunction with the National Day holiday.
The total
volume of tin traded during the week rose to 128 tonnes, compared to the previous
week volume of 118 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
27/8/18
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US$18,980
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45
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48
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48
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Tuesday
28/8/18
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US$19,120
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35
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95
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35
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Wednesday 29/8/18
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US$19,050
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32
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33
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42
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Thursday 30/8/18
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US$19,050
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16
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16
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16
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Friday
31/8/18
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CLOSED
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CLOSED
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CLOSED
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CLOSED
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(Source: KLTM 3 Sep 2018)
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