The tin price on the Kuala Lumpur Tin Market (KLTM) rose US$480 to close at US$26,550 per tonne sending the price to a new high, dealers said.
The tin price on the London Metal Exchange (LME), which normally influences global prices, rose by US$375 to US$26,300 a tonne.
A dealer said a supply shortage had forced buyers in need of the raw material, to buy it at a much higher price.
"It was a long trading session with very few sellers offering," he added.
On the KLTM, the day's turnover eased to 23 tonnes from 83 tonnes at yesterday's closing, with the participation of Japanese, European and local traders.
At the opening bell, buyers bid for 53 tonnes, while sellers offered 13 tonnes.
The price differential between the KLTM and LME widened to US$670 a tonne from yesterday's US$530 a tonne. -- Bernama. Source: Business Times
The tin price on the London Metal Exchange (LME), which normally influences global prices, rose by US$375 to US$26,300 a tonne.
A dealer said a supply shortage had forced buyers in need of the raw material, to buy it at a much higher price.
"It was a long trading session with very few sellers offering," he added.
| |
At the opening bell, buyers bid for 53 tonnes, while sellers offered 13 tonnes.
The price differential between the KLTM and LME widened to US$670 a tonne from yesterday's US$530 a tonne. -- Bernama. Source: Business Times
TEXTAREA_ID
0 komentar:
Post a Comment
Silahkan isi komentar soal artikel-artikel blog ini.