Tin price on the Kuala Lumpur Tin Market (KLTM) closed higher on Thursday in tandem with the upward trend on the London Metal Exchange (LME), dealers said.
The metal rose US$150 to end at US$22,700 per tonne on KLTM while on the LME, the price advanced US$275 to US$22,725 per tonne.
At the opening level, buyers outpaced sellers 94 tonnes to 50 tonnes.
Turnover increased slightly to 69 tonnes from 60 tonnes recorded yesterday with Japanese and European buyers dominating trading.
The premium between the KLTM and the LME narrowed to US$375 a tonne from US$500 a tonne yesterday.
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