KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) rose US$100 to close at US$19,400 a tonne yesterday in tandem with the firmer London Metal Exchange (LME).
The tin price on the LME increased by US$55 to close US$19,305 a tonne.
The dealer said KLTM price rise was higher than LME as some sellers were cautious as they wanted to see how LME would fare today.
He said today’s market was dominated by scattered buying from the Europeans, Japanese and the locals.
At the opening bell, buyers bid for 73 tonnes while sellers offered 30 tonnes.
Turnover increased to 48 tonnes from 20 tonnes on Friday while the premium between the KLTM and the LME widened to US$450 a tonne from US$405 a tonne previously. Bernama