KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed US$110 lower at US$21,850 a tonne today in line with the downtrend in the metal price on the London Metal Exchange (LME).
The tin price on the LME fell US$125 to US$21,675 a tonne.
A dealer said on the local front, today's price was supported by scattered buying, mainly from European players, followed by the Japanese and locals.
At the opening bell, buyers bid for 15 tonnes, while sellers offered 94 tonnes.
Turnover decreased to 33 tonnes from 51 tonnes on Friday.
The premium between the KLTM and the LME widened to US$580 per tonne from US$565 per tonne on Friday.
The local market was closed on Monday due to the Independence Day public holiday.-- Bernama