KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed flat at US$22,150 a tonne yesterday on a lack of buying interest, dealers said.
It was affected by the bearish market sentiment on the London Metal Exchange (LME), which saw the metal price on it fall US$150 to close at US$22,005 a tonne.
The LME was hit by mild profit-taking despite better than expected US economic data, which pointed to an improving economy, a dealer said.
On the home front, buyers bid for 27 tonnes, while sellers offered 30 tonnes at the opening bell.
Turnover decreased to 27 tonnes from 49 tonnes on Tuesday.
The premium between the KLTM and the LME remained at US$550 a tonne. Bernama