The Kuala Lumpur Tin Market Weekly Review 3 – 7 Sep 2018 (10 Sep 2018) |
Tin trading on the KLTM
during the first trading week of September was on a downward momentum, in line
with the movement of tin prices on the London Metal Exchange (LME).
Tin prices declined by
US$130 per tonne over the weekend to settle at US$18,920 per tonne on Monday as
demand faded. However, it was the highest price level for the trading week. They
declined further by US$120 per tonne to
settle at US$18,800 per tonne on Tuesday and stayed unchanged on Wednesday and Thursday,
being the lowest level for the trading week. Tin prices rebounded by US$10 per
tonne to settle at US$18,810 per tonne on Friday.
The total
volume of tin traded during the week increased to 245 tonnes, compared to the previous
week volume of 128 tonnes.
Day & Date
|
Settling Price
|
Turnover (Tonnes)
|
Highest Bid (Tonnes)
|
Highest Offer (Tonnes)
|
Monday
3/9/18
|
US$18,920
|
43
|
43
|
91
|
Tuesday
4/9/18
|
US$18,800
|
32
|
30
|
80
|
Wednesday 5/9/18
|
US$18,800
|
64
|
69
|
64
|
Thursday 6/9/18
|
US$18,800
|
36
|
36
|
36
|
Friday
7/9/18
|
US$18,810
|
70
|
76
|
70
|
(Source: KLTM 10 September 2018)
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