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The Kuala Lumpur Tin Market Weekly Review 24 – 28 Sep 2018 (1 Oct 2018) |
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Tin trading on the KLTM
during the fourth trading week of September were flat, somewhat in line with
the movement of the tin price on the London Metal Exchange (LME).
The local physical
tin market opened the trading week at US$18,950 per tonne on Monday, lower by
US$50 per tonne compared to the previous week’s closing price. It then stayed unchanged
towards end of the trading week, as traders were unsure of its next direction.
The total
volume of tin traded during the week increased to 170 tonnes, compared to the previous
week volume of 165 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
24/9/18
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US$18,950
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36
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35
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38
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Tuesday
25/9/18
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US$18,950
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30
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28
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32
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Wednesday 26/9/18
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US$18,950
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24
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26
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24
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Thursday 27/9/18
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US$18,950
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35
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39
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35
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Friday
28/9/18
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US$18,950
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45
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49
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45
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(Source: KLTM 1 October 2018)
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