The KLTM opened the week positively with Monday’s tin price settling at US$22,200 per tonne, up US$200 per tonne over the weekend.

However, tin price fell by US$300 and US$200 per tonne the next two days to settle at US$21,900 and US$21,700 per tonne on Tuesday and Wednesday respectively. Supported by strong demand, the market rebounded on Thursday to settle US$22,100 per tonne before easing slightly to close the trading week at US$22,000 per tonne on Friday.

The trading volume for the week was 230 tonnes, 54 tonnes higher than the previous week’s volume.

 

 

Day & Date	Settling Price	Turnover (Tonnes)	Highest Bid (Tonnes)	Highest Offer (Tonnes)
Monday 31/10/11	US$22,200	35	71	38
Tuesday 1/11/11	US$21,900	50	45	81
Wednesday 2/11/11	US$21,700	55	55	82
Thursday 3/11/11	US$22,100	50	120	50
Friday    4/11/11	US$22,000	40	45	105