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Cautious trading ahead for KL tin mart
by hlk Sun 26 Jun 2011, 18:23
The Kuala Lumpur Tin Market (KLTM) is likely to be cautious next week due to concerns over economic situations in the US, Japan and China.
Dealers said the metal would likely trade between US$25,250 and US$25,400, depending on buying and selling activities.
This week, the KLTM fell US$950 to US$24,950 per tonne while tin on London Metal Exchange dropped US$800 to US$24,910 per tonne.
Total weekly turnover fell to 189 tonnes from 210 tonnes previously with the participation from Japanese, European and local traders.
The price differential between the KLTM and LME widened to a premium of US$540 per tonne from US$430 per tonne last week. -- Bernama
Dealers said the metal would likely trade between US$25,250 and US$25,400, depending on buying and selling activities.
This week, the KLTM fell US$950 to US$24,950 per tonne while tin on London Metal Exchange dropped US$800 to US$24,910 per tonne.
Total weekly turnover fell to 189 tonnes from 210 tonnes previously with the participation from Japanese, European and local traders.
The price differential between the KLTM and LME widened to a premium of US$540 per tonne from US$430 per tonne last week. -- Bernama
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