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KLTM ends US$100 higher at US$16,250 a tonne

Last update: 09/10/2019
KUALA LUMPUR, Oct 9 -- The Kuala Lumpur Tin Market (KLTM) rebounded from recent losses to close US$100 higher today at US$16,250 a tonne on a technical correction.

A dealer said the higher closing was also in line with the firmer tin price on the London Metal Exchange (LME).

The tin price on the LME gained US$70 to US$16,390 a tonne.

At the opening on the KLTM, bids stood at 21 tonnes and offers at 18 tonnes, while turnover was lower at 18 tonnes against 23 tonnes yesterday.

The market saw the participation of buyers from China, South Korea, Japan, Taiwan, the European Union and two local sellers.

The price differential between the KLTM and LME was at a discount of US$140 per tonne today from a discount of US$170 per tonne yesterday.

-- BERNAMA



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