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The Kuala Lumpur Tin Market Weekly Review 17 – 21 Sep 2018 (24 Sep 2018) |
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Tin trading on the KLTM
during the third trading week of September were mixed, in line with the movement
of the tin price on the London Metal Exchange (LME).
The local physical tin
market was closed on Monday in conjunction with the Malaysia Day holiday. The
market reopened on Tuesday at US$18,940 per tonne, lower by US$30 per tonne compared
to the previous week’s closing price. It then declined further by US$40 per
tonne to settle at US$18,900 per tonne on Wednesday before rebounding by US$40
per tonne to settle at US$18,940 per tonne on Thursday. The tin price
strengthened further by US$60 per tonne to close the trading week at US$19,000
per tonne on Friday.
The total
volume of tin traded during the week increased to 165 tonnes, compared to the previous
week volume of 156 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
17/9/18
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CLOSED
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CLOSED
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CLOSED
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CLOSED
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Tuesday
18/9/18
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US$18,940
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37
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40
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54
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Wednesday 19/9/18
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US$18,900
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42
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42
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47
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Thursday 20/9/18
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US$18,940
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36
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51
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36
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Friday
21/9/18
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US$19,000
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50
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64
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50
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(Source: KLTM 24 September 2018)
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