Tin likely to trade within narrow range this week

KUALA LUMPUR: THE Kuala Lumpur Tin Market (KLTM) is likely to trade within a narrow range this week, amid weak sentiment, due to uncertainties in the global front, dealers said.

“The tin price is likely to move within a tight range of between US$27,000 per tonne and US$27,500 per tonne as the market was devoid of leads,” said a dealer, adding that there was a certain degree of uncertainty as the lingering euro zone sovereign debt crisis was continuing to weigh down investor sentiment.