Bursa Alert
Global Market
NewsIncreased buying activities on KL tin mart
Page 1 of 1
Increased buying activities on KL tin mart
by hlk Sat 16 Jun 2012, 16:22
The Kuala Lumpur Tin Market (KLTM) is set to pick up next week on expected increase in buying activities, dealers said.
A dealer said the daily metal price movements on the London Metal
Exchange (LME) would also continue to influence the prices on KLTM.
"We expect the price to pick up from the US$19,500 level next week.
"Usually, after a weak performance, the price will increase," he said.
The price on the KLTM fell by US$200 to close at US$19,400 per tonne from US$19,600 the previous week.
Weekly turnover rose to 246 tonnes from 208 tonnes last week with the
participation of the Japanese, European and local traders.
The
price differential between the KLTM and LME widened to a premium of
US$160 per tonne on Friday from US$40 per tonne previously. -- BERNAMA
A dealer said the daily metal price movements on the London Metal
Exchange (LME) would also continue to influence the prices on KLTM.
"We expect the price to pick up from the US$19,500 level next week.
"Usually, after a weak performance, the price will increase," he said.
The price on the KLTM fell by US$200 to close at US$19,400 per tonne from US$19,600 the previous week.
Weekly turnover rose to 246 tonnes from 208 tonnes last week with the
participation of the Japanese, European and local traders.
The
price differential between the KLTM and LME widened to a premium of
US$160 per tonne on Friday from US$40 per tonne previously. -- BERNAMA
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» KL tin mart to see Europe buying
» Rubber mart to rise on buying interest
» Petronas Carigali sets up subsidiary for production activities
» 4Q GDP to be boosted by higher industrial activities, says RHB
» Window dressing activities in 1Q14
» Rubber mart to rise on buying interest
» Petronas Carigali sets up subsidiary for production activities
» 4Q GDP to be boosted by higher industrial activities, says RHB
» Window dressing activities in 1Q14
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|