The Kuala Lumpur Tin Market Weekly Review 6 – 10 Jan 2020 (10 Jan 2020) |
Tin trading on the KLTM
during the second trading week of January was on an upward momentum, with tin
prices increasing almost throughout the week but softened as the week ended due
to a technical correction.
Tin prices declined by
US$250 over the weekend to settle at US$16,840 per tonne on Monday and stayed
unchanged on Tuesday. Thereafter, they rose by US$120 and US$240 per tonne to
settle at US$16,960 and US$17,200 per tonne on Wednesday and Thursday
respectively. Tin prices softened by US$80 per tonne to close the trading week
at US$17,120 per tonne on Friday.
The upward momentum was due to
strong buying support especially from Japanese and European
traders.
The total
volume of tin traded during the week increased to 96 tonnes, compared to the previous
week volume of 65 tonnes.
Day & Date
|
Settling Price
|
Turnover (Tonnes)
|
Highest Bid (Tonnes)
|
Highest Offer (Tonnes)
|
Monday
6/1/2020
|
US$16,840
|
19
|
24
|
83
|
Tuesday
7/1/2020
|
US$16,840
|
18
|
18
|
18
|
Wednesday 8/1/2020
|
US$16,960
|
17
|
72
|
17
|
Thursday 9/1/2020
|
US$17,200
|
20
|
70
|
20
|
Friday
10/1/2020
|
US$17,120
|
22
|
29
|
67
|
(Source: KLTM 17 Jan 2020)
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