KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed unchanged at US$20,200 a tonne yesterday, despite lower price of the metal on the London Metal Exchange, said a dealer.
He said the metal price on the London Metal Exchange declined by US$200 to US$20,400 a tonne.
“Today’s price was mainly supported by scattered buying from Japanese and European traders,” he added.
At the opening, bids and offers each stood at 58 tonnes, with demand also coming from local traders.
Turnover decreased to 58 tonnes from 90 tonnes yesterday.
The price differential between the KLTM and LME stood at a premium of US$155 a tonne from a discount of US$45 a tonne on Monday. Bernama