Malaysian tin extended losses on Friday, falling another 1.3 percent to a 19-month low as the market followed weakness in London. The metal ended down $90 at $6,670 a tonne, the lowest level since February 13, 2004. It has fallen 5.3 percent in the last two weeks.
Three-month tin on the London Metal Exchange, which often lends direction to the Malaysian market, fell $185 to $6,540 on Thursday. Trading volume was unchanged at Thursday's 50 tonnes, with buying seen from Japanese and Malaysian interests.
The premium for shipping a tonne of Malaysian tin to Europe widened to $345 a tonne from $250 on Thursday. The premium took into account freight, insurance and other costs.