Tin price unchanged at US$22,850 a tonne
The tin price on the Kuala Lumpur Tin Market (KLTM) closed unchanged at US$22,850 a tonne today on sellers' reserve, dealers said.
A dealer said the price did not also reflect the lower London Metal Exchange (LME) which slid US$40 to US$22,705 a tonne.
"Today's KLTM price was supported by scattered buying," he added.
At the opening bell, bids stood at 35 tonnes, while sellers offered 30 tonnes.
Turnover fell to 30 tonnes from 60 tonnes on Friday, with the majority participation from the Japanese, followed by European and local buyers.
The premium between the KLTM and the LME widened to US$545 a tonne from Friday's US$505 a tonne.-- Bernama