The KLTM gained some grounds over the weekend opening at US$20,450 per tonne on Monday, up US$150 per tonne.

However, thereafter, the tin price tumbled upon concerns on issues in Europe. It fell US$400 per tonne to close at US$20,050 per tonne on Tuesday. Wednesday saw the tin price fell below the US$20,000 per tonne level to settle at US$19,600 per tonne. Weak demand on Thursday resulted in the tin price dipping below US$19,000 for the first time since July 2010, settling at US$18,970 per tonne. The trading week ended with the tin price settling at US$18,890 per tonne on Friday, another drop of US$80 per tonne.
 
A total of 181 tonnes of tin were transacted during the week, down by 53 tonnes from the previous week’s transaction.

 

 

Day & Date	Settling Price	Turnover (Tonnes)	Highest Bid (Tonnes)	Highest Offer (Tonnes)
Monday 12/12/11	US$20,450	59	113	59
Tuesday 13/12/11	US$20,050	21	21	75
Wednesday 14/12/11	US$19,600	41	41	95
Thursday 15/12/11	US$18,970	25	25	120
Friday    16/12/11	US$18,890	35	35	52