Tin price closes at US$23,450 a tonne

The tin price on the Kuala Lumpur Tin Market (KLTM) closed unchanged on Tuesday at US$23,450 a tonne, due to a correction on the London Metal Exchange (LME), dealers said.

The metal price on the LME, however, rose by US$220 to US$23,375 a tonne.

At the opening bell, bids outnumbered offers by 29 tonnes to 24 tonnes.

Turnover was lower at 24 tonnes from 35 tonnes yesterday, with European, Japanese and local traders dominating trade.