Malaysian tin inched $10 up on Thursday, a step closer to the $7,000-a-tonne barrier as Japanese and Europeans kept up their relentless demand for the metal.
Spot tin on the Kuala Lumpur Tin Market (KLTM) was quoted at $6,925 a tonne, up from Wednesday's $6,915. Volume stood at 87 tonnes, down six tonnes from the previous session.
Overnight, tin on the London Metal Exchange closed $60 up at $6,880 a tonne after ending flat on Tuesday. "We are on the course for the $7,000 target but there are still hurdles to go," said a trader on the KLTM.
The thinner rise in the Malaysian price against London meant that the premium for shipping a tonne of local tin to Europe was down to $240 from Wednesday's rate of $290 said dealers.