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.
The premium between the KLTM and the LME narrowed to US$505 a tonne from US$725 a tonne on Monday.-- Bernama