Tin price unchanged at US$22,850 per tonne
Tin price on the Kuala Lumpur Tin Market (KLTM) remained unchanged at US$22,850 a tonne despite the technical correction here and on the London Metal Exchange (LME), dealers said.
On the LME, the metal rose US$100 to US$22,850 a tonne.
"Today's KLTM price was also supported by scattered buying, mainly from European traders," he added.
At the opening bell, bids stood at 42 tonnes while sellers offered 37 tonnes.
Turnover advanced to 37 tonnes from 30 tonnes on Monday, with the bulk of transaction coming from European buyers followed by Japanese and locals.
The premium between the KLTM and the LME narrowed to US$445 a tonne from US$545 a tonne yesterday.-- Bernama