TIN

THE Kuala Lumpur Tin Market (KLTM) closed higher at US$18,850 a tonne yesterday from US$18,700 a tonne last Friday, buoyed by positive investor sentiment following the trade war detente between the United States (US) and China.

The LME tin price also increased by US$50 to US$18,650 a tonne from Friday.

A dealer said investors had reacted positively to the pause in the trade war agreed to by US President Donald Trump and his counterpart Xi Jinping at the recent G20 summit in Argentina.

“The KLTM price was supported by buying from China, Japan, South Korea, Taiwan, Germany, the United Kingdom, Bangladesh and Pakistan, with one local seller,” he said.