|
The Kuala Lumpur Tin Market Weekly Review 19 – 23 Dec 2011 (27 Dec 11) |
|
The previous week’s weak sentiment at the KLTM was carried over the weekend with the tin price continuing to fall, settling at US$18,650 per tonne on Monday and US$18,560 per tonne on Tuesday.
However, renewed interest in the metal managed to push tin price back up with gains of US$390 per tonne on Wednesday, followed by gains of US$150 per tonne and US$200 per tonne on Thursday and Friday, respectively. The tin price ended the week at US$19,300 per tonne on Friday, slightly above the US$19,000 per tonne psychological level.
A total of 205 tonnes of tin were traded during the week, up by 24 tonnes from the previous week’s transaction.
|
Day & Date
|
Settling Price
|
Turnover (Tonnes)
|
Highest Bid (Tonnes)
|
Highest Offer (Tonnes)
|
|
Monday
19/12/11
|
US$18,650
|
55
|
40
|
70
|
|
Tuesday
20/12/11
|
US$18,560
|
34
|
35
|
75
|
|
Wednesday 21/12/11
|
US$18,950
|
40
|
90
|
40
|
|
Thursday 22/12/11
|
US$19,100
|
40
|
60
|
40
|
|
Friday
23/12/11
|
US$19,300
|
36
|
40
|
70
|
(Source: KLTM 27 December 2011)
Help this site to stay free & run by buying me a cup of coffee!mfBeer Joomla! Plugin
|
to get Mozilla Firefox