Malaysian tin fell another 0.2 percent on Wednesday to close down for a third straight day as the metal posted fresh losses on the London market. Spot tin on the Kuala Lumpur Tin Market (KLTM) settled $15 down at $8,865 a tonne. On Tuesday, it fell $20, or another 0.2 percent. Since on Friday, the Malaysian price has slid by almost 1.0 percent. The KLTM's volume was 25 tonnes, lower than on Tuesday's 45 tonnes.
Tin on LME, or the London Metal Exchange, fell $85 to $8,735 a tonne on Tuesday.
Buyers came from Japan and Malaysia.
The smaller drop in the KLTM price versus the LME widened the premium for shipping a tonne of Malaysian tin to Europe by $70 to $360 a tonne.
On Tuesday, the premium, calculated using freight, insurance and other financial costs stood at $290 a tonne.
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