TIN

THE Kuala Lumpur Tin Market (KLTM) is likely to trend sideways amid persisting uncertainties in the trade war between the United States and China.

A dealer said the tin price was expected to hover between US$18,900 and US$19,200 per tonne.

“Although the tin price had breached the physiological level of US$19,000 per tonne last Wednesday, traders remain uneasy.

“They worry if the US-China trade tensions would worsen after news on the arrest of Chinese telco giant Huawei’s chief financial officer Meng Wanzhou in Canada and her extradition to the US emerged,” he told Bernama.

“All the external factors will affect the tin demand,” he added.