Tin price closes higher at US$22,900
Tin price on the Kuala Lumpur Tin Market (KLTM) closed US$70 higher at US$22,900 a tonne today, spurred by firmer demand
and the higher price of the commodity on the London Metal Exchange (LME), dealers said.
Tin price on the LME, which influences global prices, was up US$70 to US$22,950 a tonne.
At the opening on the KLTM, bids outnumbered offers by 48 tonnes to 35 tonnes.
The day's turnover increased to 35 tonnes from 28 tonnes yesterday with buying interest from Japanese, European and local traders.
The price differential between the KLTM and thw LME remained to a
premium of US$340 a tonne.-- Bernama