TIN

KUALA LUMPUR The tin price on the Kuala Lumpur Tin Market (KLTM) fell US$190 per tonne to close at US$22,780 per tonne yesterday, impacted by the steep dive in the metal price on the London Metal Exchange (LME), dealers said.

A dealer said the tin price on the LME fell US$320 per tonne to close at US$22,705 per tonne.

Buyers were reserved on the KLTM and this accounted for the low bids of 10 tonnes with offers of 50 tonnes. Turnover fell to 30 tonnes from 49 tonnes on Wednesday.

The premium between the KLTM and the LME widened to US$505 a tonne from US$375 a tonne on Wednesday. — Bernama