KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) rose US$100 to close at US$16,100 a tonne today, tracking the uptrend in the tin price on the London Metal Exchange (LME).
The LME tin price gained US$225 to US$16,225 a tonne.
The KLTM received buying support from Chinese, South Korean, Japanese, Taiwanese and European buyers.
Bids and offers were both at 27 tonnes, while turnover improved to 27 tonnes from 20 tonnes yesterday.
The price differential between the KLTM and LME was at a discount of US$125 a tonne today, compared with nil yesterday. – Bernama