TIN PRICE TO REMAIN UNCERTAIN NEXT WEEK

16 Jul 2013 07:53

KUALA LUMPUR, July 13 (Bernama) -- The Kuala Lumpur Tin Market (KLTM) is expected to remain uncertain next week as traders cautiously await the release of economic data from US, Europe and China.

A dealer said the market was still uncertain and investors will adopt a wait-and-see attitude before fresh leads appeared.

He said the metal prices could remain below US$20,000 per tonne next week. For the week just-ended, tin price fell US$300 to US$19,650 per tonne. Weekly turnover fell to 128 tonnes from the 201 tonnes last Friday with European, Japanese and local traders accounting for the week's transaction. The price differential between the KLTM and the LME widened to a premium of US$555 from US$285 per tonne last Friday. -- BERNAMA

JSS JSS THs