By BERNAMA
Tin price on the Kuala Lumpur Tin Market (KLTM) eased US$100 to US$20,200 per tonne despite the metal being unchnged at US$20,400 a tonne on the London Metal Exchange (LME), dealers said.
At the opening price of US$20,300 per tonne, there was panic selling and this saw sellers increasing their offerings to 103 tonnes while buyers bid for 40 tonnes only.
European, Japanese and local traders accounted for today’s turnover of 55 tonnes from yesterday’s 42 tonnes.
The premium between the KLTM and the LME narrowed to US$160 a tonne from US$260 a tonne on Monday.
— BERNAMA
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