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The Kuala Lumpur Tin Market Weekly Review 27 – 31 Mar 2017 (3 Apr 2017) |
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Tin trading on the KLTM
during the final trading week of March was on an upward momentum supported by high
demand and in line with the upward momentum of the tin prices on the London
Metal Exchange (LME).
Tin prices declined
over the weekend to settle at US$19,780 per tonne on Monday and rebounded
thereafter by US$70, US$150 and US$100 per tonne to settle at US$19,850,
US$20,000, and US$20,100 per tonne on Tuesday, Wednesday and Thursday
respectively. The local physical tin market then inched down slightly to close
the trading week lower at US$20,050 per tonne on Friday due to a technical
correction.
The
total volume of tin traded during the week stood at 142 tonnes, 35 tonnes lower
compared to the previous week volume of 177 tonnes.
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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
27/3/17
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US$19,780
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30
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30
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55
|
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Tuesday
28/3/17
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US$19,850
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28
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37
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28
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Wednesday
29/3/17
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US$20,000
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31
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90
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35
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Thursday 30/3/17
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US$20,100
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22
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37
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23
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Friday
31/3/17
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US$20,050
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31
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31
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45
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(Source: KLTM 3 Apr 2017)
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