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.  

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