Malaysian tin rose 3 percent to a three-week high of $7,390 a tonne on Monday on continued demand by Japanese and European buyers. Volume rose to 108 tonnes from 83 tonnes. On Friday, the metal rose 4 percent to $7,175, regaining the $7,000-mark it lost a day earlier.
Third-month tin futures on the London Metal Exchange rose $200 on Friday to close at $7,450 a tonne on consumer buying after a fund sell-off on Thursday dragged prices down by more than 4 percent.
The London market often lends direction to the price in Malaysia.
The premium for shipping a tonne of Malaysian to Europe widened to $100 from $70 on Friday. The premium takes into account freight, insurance and other costs.
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