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The Kuala Lumpur Tin Market Weekly Review 3 – 7 Sep 2018 (10 Sep 2018) |
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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.
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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
3/9/18
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US$18,920
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43
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43
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91
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Tuesday
4/9/18
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US$18,800
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32
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30
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80
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Wednesday 5/9/18
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US$18,800
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64
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69
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64
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Thursday 6/9/18
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US$18,800
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36
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36
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36
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Friday
7/9/18
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US$18,810
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70
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76
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70
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(Source: KLTM 10 September 2018)
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