Tin Likely to Trade Lower This Week

The Malaysian Star reports tin on the Kuala Lumpur Tin Market (KLTM) is likely to trade below $28,000.

The market news is quoted as saying,

On a Friday-to-Friday basis, the tin price rose US$680 to US$27,980 per tonne from US$27,300 per tonne. The weekly turnover fell to 231 tonnes from 256 tonnes while the premium between the KLTM and the LME narrowed to US$85 per tonne from US$255 per tonne previously. – Bernama

For the complete market news, click here.