Good buying interest seen for KL tin
Publish date: Sat, 28 Jan 2012, 12:19 PM
The Kuala Lumpur Tin Market (KLTM) is expected to see continued good buying interest, keeping the commodity above US$24,000 per tonne.
"The tin mart is expected to be on an upward trend next week given the strong buying interest seen," a dealer said.
Developments on the London Metal Exchange (LME), the global trendsetter for metals, would also influence movements on the local market, he added.
For the week just ended, tin price on the KLTM jumped US$2,105 to US$24,005 a tonne from US$21,900 a tonne previously.
The market was closed on Monday and Tuesday for the Chinese New Year holiday.
The weekly turnover decreased to 210 tonnes from 391 tonnes while the price differential between the KLTM and the LME on Friday stood at a premium of US$310 compared with US$340 a week earlier. -- Bernama
"The tin mart is expected to be on an upward trend next week given the strong buying interest seen," a dealer said.
Developments on the London Metal Exchange (LME), the global trendsetter for metals, would also influence movements on the local market, he added.
For the week just ended, tin price on the KLTM jumped US$2,105 to US$24,005 a tonne from US$21,900 a tonne previously.
The market was closed on Monday and Tuesday for the Chinese New Year holiday.
The weekly turnover decreased to 210 tonnes from 391 tonnes while the price differential between the KLTM and the LME on Friday stood at a premium of US$310 compared with US$340 a week earlier. -- Bernama
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jtpc2006
expect MSC to continue to shoot up
2012-01-29 09:33