The Kuala Lumpur Tin Market Weekly Review 18 – 22 Nov 2019 (25 Nov 2019) |
Tin trading on the KLTM
during the fourth trading week of November was mostly on an upward momentum and
was in line with the movement of tin prices on the London Metal Exchange (LME).
Tin prices slid
slightly by US$20 per tonne over the weekend to settle at US$16,000 per tonne
on Monday and stayed unchanged the subsequent day. They softened by US$50 per
tonne to settle at US$15,950 per tonne on Wednesday. Thereafter, they rebounded by US$90 and US$230
per tonne to settle at US$16,040 and US$16,270 per tonne on Thursday and Friday
respectively.
The total
volume of tin traded during the week declined to 99 tonnes, compared to the previous
week volume of 106 tonnes.
Day & Date
|
Settling Price
|
Turnover (Tonnes)
|
Highest Bid (Tonnes)
|
Highest Offer (Tonnes)
|
Monday
18/11/19
|
US$16,000
|
23
|
27
|
29
|
Tuesday
19/11/19
|
US$16,000
|
13
|
18
|
13
|
Wednesday 20/11/19
|
US$15,950
|
23
|
21
|
65
|
Thursday 21/11/19
|
US$16,040
|
20
|
48
|
25
|
Friday
22/11/19
|
US$16,270
|
20
|
82
|
20
|
(Source: KLTM 25 Nov 2019)
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