TIN MART LIKELY TO BE EASIER NEXT WEEK

KUALA LUMPUR, July 4 (Bernama) -- The Kuala Lumpur Tin Market (KLTM) is likely to be easier next week, hovering below US$14,500 per tonne on expectations of lower demand, dealers said.

The dealers said prices could be pressured further as buyers rake in good bargains with massive supply in the market.

The dealers said KLTM was also expected to move in line with the performance of the metal on the London Metal Exchange.

"The Japanese, Europeans and local traders would remain as the active players on the local tin market next week," they said. During the week, KLTM was higher on Thursday after starting the first two trading day mixed but eased on Wednesday and Friday.

Turnover for the week rose to 336 tonnes from 256 tonnes the previous week with strong interest coming from Japanese, European and local traders. The premium price differential between the LME and KLTM, based on a formula that included freight, insurance and other financial costs, rose to US$320 per tonne on Friday compared with US$200 previously. -- BERNAMA

MAS MR

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