Malaysian tin ended 0.3 percent down on Friday to close the week without any gains after tracking a bearish London market. Spot tin on the Kuala Lumpur Tin Market (KLTM) settled at $8,835 a tonne, down $30 from Thursday. It had fallen a total of $114, or 1.3 percent, through the week. Trade on Friday stood at 45 tonnes, against on Thursday's 35 tonnes. "It's been a very quiet week, mainly due to the weak state of LME tin and year-end vacationing in Europe and other centres," said a trader.
Tin on the LME, or London Metal Exchange, fell $25 to $8,800 a tonne at Thursday's close.
The London market often lends direction to KLTM prices, particularly when there are no local factors at play.
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