Bursa Alert
Global Market
NewsTin price down Monday US$100 to close at US$25,550
Page 1 of 1
Tin price down Monday US$100 to close at US$25,550
by hlk Mon 04 Jul 2011, 18:41
KUALA LUMPUR: Tin price was lower by US$100 to close at US$25,550 per tonne on the Kuala Lumpur Tin Market (KLTM) due to technical corrections, dealers said.
They said the local market's performance was in tandem with the London Metal Exchange (LME) which saw tin price dwindling US$400 to close at US$25,655 per tonne.
On the local front, at the opening level of US$25,650, bids were for 40 tonnes against offers of 90 tonnes.
Turnover declined to 45 tonnes from 50 tonnes on Friday with the participation of European, Japanese and local traders.
Meanwhile, the price differential between the KLTM and the LME was at a premium of US$285 against a discount of US$50 last week. - BERNAMA
They said the local market's performance was in tandem with the London Metal Exchange (LME) which saw tin price dwindling US$400 to close at US$25,655 per tonne.
On the local front, at the opening level of US$25,650, bids were for 40 tonnes against offers of 90 tonnes.
Turnover declined to 45 tonnes from 50 tonnes on Friday with the participation of European, Japanese and local traders.
Meanwhile, the price differential between the KLTM and the LME was at a premium of US$285 against a discount of US$50 last week. - BERNAMA
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Market Close KLCI snaps six-day slide on oil price rebound
» Tin price at ten-month low Monday on US debt downgrade
» Market Close KLCI dips as blue chips pare Monday’s gain
» Exclusive Institutional investors buying into SCGM, raised share price 19% on Monday
» CPO price close higher on bargain hunting
» Tin price at ten-month low Monday on US debt downgrade
» Market Close KLCI dips as blue chips pare Monday’s gain
» Exclusive Institutional investors buying into SCGM, raised share price 19% on Monday
» CPO price close higher on bargain hunting
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum