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Tin prices to stay low on dismal demand
by hlk Sat 17 Dec 2011, 12:15
Demand for tin in the Kuala Lumpur Tin Market (KLTM) is expected to be dismal next week as traders remain on the sidelines, dealers said.
A dealer said tin price is to remain low on eurozone debt crisis fears.
"Next week's price is expected to fluctuate between US$18,800 and US18,900," the dealer said.
For the week just-ended, tin price fell by US$1,410 to US$18,890 a tonne from US$20,300 on Friday.
Turnover dwindled to 35 tonnes from 234 tonnes on Friday.
The price differential between the KLTM and the LME widened to a premium of US$625 against US$490 on Friday. -- Bernama
A dealer said tin price is to remain low on eurozone debt crisis fears.
"Next week's price is expected to fluctuate between US$18,800 and US18,900," the dealer said.
For the week just-ended, tin price fell by US$1,410 to US$18,890 a tonne from US$20,300 on Friday.
Turnover dwindled to 35 tonnes from 234 tonnes on Friday.
The price differential between the KLTM and the LME widened to a premium of US$625 against US$490 on Friday. -- Bernama
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