Tin price unchanged
Tin price on the Kuala Lumpur Tin Market (KLTM) closed unchanged at US$23,500 a tonne today on sellers' reserve despite the lower London Metal Exchange (LME), dealers said.
A dealer said the LME was down US$90 to US$23,360 a tonne.
"Buyers were cautious and wanted to see how the LME would fare today.
"However, today's price was supported by scattered buying and low
offerings," he added.
At the opening bell, bids stood at 26 tonnes, while sellers offered 22 tonnes.
Turnover fell to 22 tonnes from 46 tonnes on Thursday, with the
participation of European, Japanese and local buyers.
The premium between the KLTM and the LME widened to US$540 a tonne from yesterday's US$450 a tonne.-- Bernama