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.  

Help this site to stay free & run by buying me a cup of coffee!mfBeer Joomla! Plugin