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Malaysian tin rebounded on Monday, tracking gains on the London Metal Exchange (LME) and helped by strong Japanese buying.
Spot tin on the Kuala Lumpur Tin Market (KLTM) ended up $50 at $9,000 a tonne. It fell $50 on Friday.
Volume rose to 70 tonnes from Friday's 60 tonnes.
"The KLTM is likely to hold around $9,000 for the time being," a dealer said, adding that falling stocks on the LME could limit the market's downside.
Tin on the KLTM has traded between $8,940 and $9,000 a tonne in the last two weeks.
Tin stocks on the LME warehouses fell 640 tonnes last week to 5,365 tonnes at Friday's close.
LME tin also ended $50 up on Friday at $8,850 a tonne.
Japanese and Malaysian buyers put up bids for 75 tonnes at the outset of Monday's KLTM, against sellers' offers totalling 44 tonnes.
The two sides matched positions at 70 tonnes.
The similar rise on the KLTM and LME left the premium for shipping a tonne of Malaysian tin to Europe, including freight and other costs, unchanged at $375, dealers said.

Copyright Reuters, 2004

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