TIN CLOSES HIGHER AT US$15,000 PER TONNE

KUALA LUMPUR, Nov 24 (Bernama) -- Tin price on the Kuala Lumpur Tin Market (KLTM) closed higher in line with a stronger London Metal Exchange (LME) and encouraging buying by European and Japanese traders.

On the LME, the metal rose US$200 to finish at US$15,175 per tonne. Bids outnumbered offers by 120 tonnes to 80 tonnes, hence pushing the local price of tin to close US$80 higher at US$15,000 per tonne. Turnover stood at 100 tonnes for the second consecutive day. The KLTM price differential with that of the LME narrowed to US$110 per tonne from US$230 per tonne yesterday.

-- BERNAMA

PJR VMD