Malaysian tin closed flat on Thursday, unrifled by a fall in the metal's London price, dealers said. Spot tin on the Kuala Lumpur Tin Market stood at $6,050 per tonne on a volume of 49 tonnes, after having lost $50 on Wednesday. Lime's three-month tin, the main guide to prices in Malaysia, closed down $40 at $6,010.
"The Kuala Lumpur price remains unchanged as buyers and sellers matched on the first call," a trader said. "There was scattered buying from Japan and Europe."
Sellers put out 49 tonnes at the open of Thursday's session in Kuala Lumpur, compared with bids for just 50 tonnes from Japanese, European and Malaysian buyers.
Final volume was 49 tonnes, with Japanese buyers taking 30 tonnes, Europeans 15 tonnes and Malaysian buyers the rest.
Spot tin was selling at a premium of $235 a tonne over LME prices on a cost, insurance, freight basis (CIF) for voyages to Rotterdam, dealers said.