TIN PRICE TO BE RANGEBOUND NEXT WEEK

KUALA LUMPUR, Nov 14 (Bernama) -- The Kuala Lumpur Tin Market (KLTM) is expected to trade rangebound next week in the absence of fresh leads amid a weak underlying sentiment, said a dealer.

He said the price of tin is expected to move between US$14,700 and US$14,800 per tonne next week with buyers and sellers not in an aggressive mode.

"Demand for the commodity currently remains flat," said a trader.

However, the movement of the metal's price on the London Metal Exchange (LME) will also have some effect on the local market, he said.

For the week-just-ended, tin price moved from unchanged to lower, amid less takers and a bearish trend on the LME. It ended the week US$190 lower at US$14,700 per tonne.

Weekly turnover declined to 243 tonnes against the 269 tonnes registered last week.

--BERNAMA

SM SD