TIN

THE Kuala Lumpur Tin Market (KLTM) was higher at close by US$320 to end at US$19,720 a tonne yesterday, in line with the tin price on the London Metal Exchange (LME), a dealer said.

The LME tin price improved US$320 to US$19,645 a tonne.

“There was panic buying at the opening yesterday on concerns over further consequences of the global trade war, pushing the tin price higher,” the dealer said.

Buying was supported by China, Japan, South Korea, Taiwan, Germany and the United Kingdom with one local seller. The price differential between the KLTM and the LME remained at a premium of US$75 a tonne.