KUALA LUMPUR: Tin price on the Kuala Lumpur Tin Market (KLTM) closed at a four-month high of US$22,000 per tonne today after rising sharply by US$800, propped up by low offering and scattered buying by European traders, a dealer said.
He said the metal price on the local market moved up in tandem with the sharp increase on the London Metal Exchange (LME), which was up by US$825 to close at US$22,100 per tonne.
At the opening bell on the KLTM, bids amounted to 101 tonnes, against offers of 26 tonnes.
Turnover increased to 36 tonnes from 35 tonnes on Wednesday, the last trading day before the Hari Raya Aidilfitri break, with European, Japanese and local traders dominating today's trading.
The premium between the KLTM and the LME narrowed to US$265 per tonne from US$290 per tonne last week. -- BERNAMA
Share this:
Discussions
Be the first to like this. Showing 1 of 1 comments
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 5047 views | 5 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Abudance
Does anyone know hoe to buy tin commodity?
2013-08-12 21:04