Tin price closes higher despite lower LME
The tin price on the Kuala Lumpur Tin Market (KLTM) closed US$50 higher at US$22,980 on sellers reserve despite the lower finish on the London Metal Exchange (LME) a dealer said.
He said the metal's price on the LME closed US$50 lower at US$23,000 a tonne.
At the opening bell, bids stood at 40 tonnes while sellers offered 21 tonnes.
Turnover fell to 28 tonnes from 34 tonnes on Monday with the participation of European, Japanese and local buyers.
The premium between the KLTM and the LME widened to US$370 a tonne from Tuesday's US$275 a tonne.-- Bernama