TIN PRICE RISES BY US$40 TO CLOSE AT US$14,980 PER TONNE

KUALA LUMPUR, Nov 6 (Bernama) -- The tin price on the Kuala Lumpur Tin Market (KLTM) rose by US$40 to close at US$14,890 per tonne with the price on the London Metal Exchange (LME) remaining unchanged, a dealer said The tin price on the LME stood at US$15,000 per tonne. On the local front, bids amounted to 54 tonnes against offers of 40 tonnes. Turnover slipped to 49 tonnes from the 54 tonnes recorded yesterday with Japanese, European and local traders continuing to dominate the market. The price differential between the KLTM and the LME widened to US$175 per tonne from US$135 previously.--BERNAMA

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