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The Kuala Lumpur Tin Market Weekly Review 5 –9 Sep 2011 (12 Sep 11) |
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The KLTM daily tin price recovered further gaining slightly by US$30 per tonne over the weekend to settle at US$24,180 per tonne on Monday.
However, weak sentiments in the market pushed the tin price down by US$380 per tonne on Tuesday and a further US$200 per tonne on Wednesday. The market rebounded with the tin price registering a hefty US$700 per tonne on Thursday and a further US$100 per tonne on Friday. The tin price ended the week at US$24,400 per tonne, US$220 per tonne higher than at the start of the week.
Turnover for the week rose to 357 tonnes from 102 tonnes done the previous week.
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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
5/9/11
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US$24,180
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60
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80
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90
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Tuesday
6/9/11
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US$23,800
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75
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70
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151
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Wednesday 7/9/11
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US$23,600
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78
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78
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125
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Thursday 8/9/11
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US$24,300
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74
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230
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74
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Friday
9/9/11
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US$24,400
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70
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74
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70
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(Source: KLTM 12 September 2011)
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