Malaysia tin prices rebounded to end $50 higher at $9,330 a tonne on Wednesday, keeping the overall upward trends intact.
On Tuesday, the base metal lost $220, taking a pause after a blistering rally that hoisted prices to their highest in almost two decades.
Volume increased to 86 tonnes from Tuesday's 75 tonnes, with Japanese and local buyers taking up all of it.
Depleting stocks and strong global demand have driven Malaysian and London Metal Exchange prices to multiyear highs, with the local price up 14 percent over the past week.
Comments
Comments are closed.