KL tin prices to remain above US$20,000 this week

KUALA LUMPUR: The tin price on the Kuala Lumpur Tin Market (KLTM) is forecast to move between US$20,300 and US$20,500 this week, a dealer said.

He said the price was expected to maintain above US$20,000 level, supported by overseas demand and reluctance of traders to sell below that level.“Demand from Europe should sustain prices at this level,” he said.