Tin closes unchanged at US$23,100 a tonne
The tin price on the Kuala Lumpur Tin Market (KLTM) closed unchanged at yesterday's settlement price of US$23,100 per
tonne, a dealer said.
The performance of the local market was also in contrast with the downtrend in the metal price on the London Metal Exchange (LME), which declined by US$30 to US$23,175 a tonne.
"Scattered buying by foreign buyers at the opening level helped cushion the day's losses," the dealer told Bernama.
On the local front, bids stood at 46 tonnes, while offers amounted to 41 tonnes.
Turnover was slightly higher at 41 tonnes from 40 tonnes yesterday, with 20 European, 18 Japanese and three local buyers, accounting for the bulk of today's trade.
The premium between the KLTM and LME widened to US$325 per tonne from US$295 per tonne previously.-- Bernama