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The Kuala Lumpur Tin Market Weekly Review 26 – 30 Dec 2011 (03 Jan 12) |
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The previous week’s upward momentum at the KLTM was carried over the long Christmas weekend with the tin price putting on another US$150 per tonne to settle at US$19,450 per tonne on Tuesday.
The market was closed on Monday in conjunction with the Christmas
holiday. However, thereafter, the tin price had a free fall, losing
US$150 per tonne on Wednesday, followed by further losses of US$200 per
tonne and US$100 per tonne on Thursday and Friday, respectively. The
trading week ended with the tin price settling at US$19,000 per tonne on
Friday.
A total of 153 tonnes of tin was traded during the week, down by 52 tonnes from the previous week’s transaction.
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Day & Date
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Settling Price
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Turnover (Tonnes)
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Highest Bid (Tonnes)
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Highest Offer (Tonnes)
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Monday
26/12/11
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CLOSED
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CLOSED
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CLOSED
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CLOSED
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Tuesday
27/12/11
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US$19,450
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20
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43
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20
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Wednesday 28/12/11
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US$19,300
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40
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45
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70
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Thursday 29/12/11
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US$19,100
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48
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48
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98
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Friday
30/12/11
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US$19,000
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45
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40
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75
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(Source: KLTM 03 January 2012)
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