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Tin prices seen to hover around US$20,500 this week

Posted on 26 November 2012

Tin prices on the Kuala Lumpur Tin Market (KLTM) is expected to hover around US$20,500 a tonne this week, said a dealer.“The market price direction will remain uncertain due to the prolonged unsettled eurozone crisis,” he said. The tin prices were likely to trade in a tight range, he added.
During the week, the tin prices moved between US$20,400 and US$20,800 a tonne, with scattered buying mainly supported by the European, Japanese and local buyers. The tin prices were on the uptrend on most days despite the commodity’s seesaw performance on the London Metal Exchange (LME)………………………………………..Full Article: Source


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