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The Kuala Lumpur Tin Market Weekly Review 9 – 13 Jan 2012 (09 Jan 12) |
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The KLTM was closed on Monday in conjunction with the New Year holiday. The market made a good start into the new year when it reopened on Tuesday with the tin price settling at US$19,300 per tonne up US$300 per tonne from the previous Friday’s close.
It added another US$500 per tonne with Wednesday’s price settling US$19,800 per tonne. However, it lost its upward momentum due to technical correction resulting lower tin prices on Thursday and Friday at US$19,750 and US$19,770 per tonne respectively.
A total of 246 tonnes of tin was traded during the week, up by 93 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
2/1/12
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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
3/1/12
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US$19,300
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26
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55
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26
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Wednesday 4/1/12
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US$19,800
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60
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130
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60
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Thursday 5/1/12
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US$19,750
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50
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50
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80
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Friday
6/1/12
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US$19,770
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110
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119
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147
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(Source: KLTM 09 January 2012)
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