Tin saw further correction in Malaysian trade after a flat close in London prompted sellers to pocket profits from sharp gains in Kuala Lumpur in the week. Spot tin on the Kuala Lumpur Tin Market ended down $60 on Wednesday at $7,300 a tonne, on a turnover of 89 tonnes.
It had fallen $120 on Tuesday on a volume of 69 tonnes, after on Monday's jump of $200.
Tin on the LME or London Metals Exchange, closed unchanged at $7,325 a tonne on Tuesday.
The London tin price usually lends direction to the Malaysian market.
European absorbed the rest and Malaysian interests.
The $60 drop in the Kuala Lumpur price versus the flat close in London narrowed the premium for a tonne of Malaysian tin made available to Europe.
The shipping premium, which factors in freight, insurance and other financial costs, fell to $195 a tonne from $255 on Tuesday, dealers said.
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