Tin rose $70 a tonne in Malaysian trade on Friday, ending two straight days of falls, after the metal closed up in London on higher copper prices.
The spot price on the Kuala Lumpur Tin Market (KLTM) settled at $8,960 a tonne, up 0.8 percent from Thursday. On the week, the market was up $80, or 0.9 percent.
Tin on the London Metal Exchange (LME), which often dictates KLTM prices, jumped $60 on Thursday, rising with other base metals as funds bought heavily into market leader copper.
Dealers on the KLTM noted an initial demand for 140 tonnes of tin at Friday's market, against sellers' offers for 54 tonnes. At the final bell, 90 tonnes had changed hands, compared to Thursday's transaction of 72 tonnes.
Buyers were made up of Japanese, European and local interests. The bigger rise in the Kuala Lumpur price versus London widened the premium for shipping a tonne of Malaysian tin to Europe, after freight, insurance and other financial costs, to $225 from $215 on Thursday.
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