Tin price closes higher
The tin price on the Kuala Lumpur Tin Market (KLTM) rose US$350 a tonne to US$23,200 a tonne in tandem with the higher prices on the London Metal Exchange (LME), dealers said.
On the LME, the metal rose US$445 to US$23,250 a tonne.
Trading on the KLTM was dominated by European, Japanese and locals.
At the opening bell, bids stood at 107 tonnes while sellers offered 30 tonnes.
Turnover declined to 32 tonnes from 37 tonnes yesterday.
The premium between the KLTM and the LME narrowed to US$350 a tonne from US$445 a tonne yesterday.-- Bernama