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NewsTin price slips to US$20,770 per tonne
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Tin price slips to US$20,770 per tonne
by hlk Mon 20 May 2013, 13:42
The Kuala Lumpur Tin Market (KLTM) slipped US$30 per tonne to end at
US$20,770 per tonne today on lack of demand as investors were being
cautious following the volatility in copper and other metal prices,
dealers said.
This movement was despite the uptrend on the
London Metal Exchange (LME) where tin finished US$20 better at
US$20,980 per tonne last Friday.
Dealers said the local market's losses were limited by some scattered buying mainly from European and Japanese buyers.
At
the opening bell, sellers outpaced buyers by 52 tonnes to 27 tonnes
with turnover declining to 40 tonnes from 50 tonnes recorded on Friday.
Meanwhile, the premium between the KLTM and LME narrowed to US$180 per tonne from US$230 per tonne previously.-- Bernama
US$20,770 per tonne today on lack of demand as investors were being
cautious following the volatility in copper and other metal prices,
dealers said.
This movement was despite the uptrend on the
London Metal Exchange (LME) where tin finished US$20 better at
US$20,980 per tonne last Friday.
Dealers said the local market's losses were limited by some scattered buying mainly from European and Japanese buyers.
At
the opening bell, sellers outpaced buyers by 52 tonnes to 27 tonnes
with turnover declining to 40 tonnes from 50 tonnes recorded on Friday.
Meanwhile, the premium between the KLTM and LME narrowed to US$180 per tonne from US$230 per tonne previously.-- Bernama
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