KL Tin Market to see range-bound trading

The Kuala Lumpur Tin Market (KLTM) is expected to see range-bound trade of between US$31,000 and US$32,000 this week on positive demand by Japanese, European and local traders, dealers said.

They said the local market would also take the cue from the movements on the London Metal Exchange (LME), which would normally influence local prices.

On Friday, the KLTM price fell by US$400 to US$31,550 a tonne.

On the LME, the tin price was unchanged at US$31,650.

For the week just-ended, the KLTM volume rose to 229 tonnes from 194 tonnes the previous Friday, with active participation from Japanese, European and local traders.

The price differential between the KLTM and LME was at a lower premium of US$365 per tonne on Friday compared with US$715 per tonne the previous week. Source: Bernama