Tin price closes lower on mild buying
Tin price on the Kuala Lumpur Tin Market (KLTM) closed lower Wednesday at US$23,440 a tonne, down by US$10 due to mild buying interest, dealers said.
However, on the London Metal Exchange (LME), tin price rose by US$80 to US$23,455 a tonne.
At the opening bell, offers outnumbered bids by 48 tonnes to 26 tonnes.
Turnover was higher at 31 tonnes from yesterday's 24 tonnes, with European, Japanese and local traders dominating trade.
The premium between the KLTM and the LME narrowed to US$415 a tonne from US$505 a tonne yesterday.-- Bernama