TIN

THE Kuala Lumpur Tin Market (KLTM) ended slightly lower yesterday after staying unchanged over three consecutive days.

It slipped US$90 to US$20,760 per tonne yesterday, in line with the downtrend in the metal price on the London Metal Exchange (LME), dealers said.

The tin price on the London Metal Exchange (LME) last night fell US$130 to US$20,740 per tonne.

At the opening bell on the KLTM, bids stood at 47 tonnes, with offers at 45 tonnes.

Trading saw the participation of buyers from China, South Korea, Japan, the United States, and Taiwan, with one local seller.

Volume on the KLTM rose to 45 tonnes from 42 tonnes on Thursday.

The price differential between the KLTM and LME stood at a premium of US$20 per tonne from a discount of US$20 per tonne on Thursday.