Except for a slight drop over the weekend, the KLTM tin price continued its upward momentum throughout the week, bridging the US$19,000 per tonne and US$20,000 per tonne levels along the way.

 

The trading week started with the tin price settling at US$19,700 per tonne on Monday, down slightly by US$70 per tonne from Friday’s close. Thereafter, it gained US$200 per tonne to settle at US$19,900 per tonne on Tuesday followed by another gain of US$250 per tonne to reach US$20,150 per tonne on Wednesday. Further gains of US$150 and US$580 per tonne on Thursday and Friday, respectively brought it to the week’s closing price of US$20,880 per tonne. The strong showing was due mainly to recovery in demands during the week.
 
A total of 453 tonnes of tin was traded during the week, up by 207 tonnes from the previous week’s transaction.

Day & Date	Settling Price	Turnover (Tonnes)	Highest Bid (Tonnes)	Highest Offer (Tonnes)
Monday 9/1/12	US$19,700	98	103	142
Tuesday 10/1/12	US$19,900	110	129	110
Wednesday 11/1/12	US$20,150	95	139	95
Thursday 12/1/12	US$20,300	100	150	116
Friday    13/1/12	US$20,880	50	206	50

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Source: KLTM 16 January  2012)