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KL tin market expected to continue uptrend this week
Oct. 25, 2010 08:16AM PST
Industrial Metals Investing
The Star online reports that the Kuala Lampur tin market expects that, through this week, tin prices will continue on an upward swing, trading at $27,500 US/tonne
The Star online reports that the Kuala Lampur tin market expects that, through this week, tin prices will continue on an upward swing, trading at $27,500 US/tonne.
The story is quoted as saying:
A dealer said prices would be firmer on the back of strong fundamentals and a weak US currency. “There is a shortfall in supply and demand currently. With the weather conditions in China and Indonesia, this weak supply deficit will be more than expected,” the dealer said.