Bursa Alert
Global Market
NewsTin price continues slide
Page 1 of 1
Tin price continues slide
by hlk Tue 06 Dec 2011, 18:01
KUALA LUMPUR: The tin price on the Kuala Lumpur Tin Market (KLTM) today slipped US$100 to close at US$20,000 per tonne on low buying demand, dealers said.
However, the price of the metal on the London Metal Exchange (LME), gained US$25 to US$20,025 per tonne. A dealer said, the US$20,000 level would be breached, if the LME exhibits a slight change in price.
At the opening level, buyers bid for 20 tonnes while sellers offered 86 tonnes.
The day's turnover rose to 55 tonnes from 45 tonnes yesterday with participation by Japanese, European and local traders.
The premium between the KLTM and LME narrowed to US$315 per tonne from US$440 per tonne on Monday. - BERNAMA
However, the price of the metal on the London Metal Exchange (LME), gained US$25 to US$20,025 per tonne. A dealer said, the US$20,000 level would be breached, if the LME exhibits a slight change in price.
At the opening level, buyers bid for 20 tonnes while sellers offered 86 tonnes.
The day's turnover rose to 55 tonnes from 45 tonnes yesterday with participation by Japanese, European and local traders.
The premium between the KLTM and LME narrowed to US$315 per tonne from US$440 per tonne on Monday. - BERNAMA
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Market Close KLCI continues slide on oil and ringgit slump
» Update Malaysia reserves fall again as ringgit continues to slide
» Market Close KLCI snaps six-day slide on oil price rebound
» Natural rubber price hike continues
» Rubber price continues uptrend from last week's closing
» Update Malaysia reserves fall again as ringgit continues to slide
» Market Close KLCI snaps six-day slide on oil price rebound
» Natural rubber price hike continues
» Rubber price continues uptrend from last week's closing
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum