KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed higher today on renewed buying interest and in tandem with gains on the London Metal Exchange (LME), said a dealer.
The KLTM rose US$150 to US$20,100 per tonne, while on the LME, the metal price was slightly higher by US$15 to US$20,140 per tonne.
On the KLTM, bids outpaced offers by 68 tonnes to 20 tonnes, with the day's turnover decreasing to 43 tonnes from 49 tonnes yesterday, with interest coming from Japanese, European and local traders.
The price differential between the KLTM and LME widened to a premium of US$315 per tonne from US$180 per tonne previously.-- Bernama