Malaysian tin up

30 May, 2004

Malaysian tin rose $20 on Friday, closing the week six percent up, as European buyers remained active after ending a long absence from the market.
Spot tin on the Kuala Lumpur Tin Market (KLTM) ended at $9,840 a tonne on a volume of 120 tonnes.
It had risen $530, or six percent, in the five sessions since May 21.
"The Europeans are showing strong demand after coming back and that's helping overall sentiment," said a KLTM trader.
Dealers said a modest rise of tin on the London Metal Exchange also helped.
LME tin closed $5 up on Thursday at $9,475 a tonne.
Final volume was 120 tonnes, down from Thursday's 186 tonnes.

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