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The Kuala Lumpur Tin Market Weekly Review 28 Nov – 2 Dec 2011 (05 Dec 11) |
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The KLTM was closed on Monday in conjunction with the Maal Hijrah holiday. The market reopened on Tuesday at US$20,520 per tonne, an increase of US$70 per tonne over last week’s closing price.
However, low demand pushed the price down to US$20,400, US$20,380 and
US$20,200 per tonne on Wednesday, Thursday and Friday respectively with a
total decline of 320 tonnes.
A total of 186 tonnes of tin were transacted during the week, a decrease of 24 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
28/11/11
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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
29/11/11
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US$20,520
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40
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55
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80
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Wednesday 30/11/11
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US$20,400
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30
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30
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77
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Thursday 1/12/11
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US$20,380
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60
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65
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71
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Friday
2/12/11
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US$20,200
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56
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60
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75
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(Source: KLTM 05 December 2011)
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