<a href='http://avn.innity.com/avncl.php?n=5605194'
target='_blank'><img
src='http://avn.innity.com/avnvw.php?campaignid=1836&what=1424&n=5605194'
border='0' alt=''></a> Tin price may hit US$15,000 next month
April 17 2007
THE price of tin on the Malaysian market is likely to reach US$15,000 per tonne
next month on stronger global demand amid tight supply, said dealers.
The Kuala Lumpur Tin Market (KLTM) closed at a record high today as most
traders went on a buying spree following concerns of a supply disruption in one
of the largest tin producers, Indonesia.
Tin industry workers in Indonesia are said to be planning to protest for
higher wages, a dealer said.
The metal price on the KLTM rose US$240 to US$14,660 per tonne today, breaking
the previous record of US$14,620 posted on April 10, 2007.
Indonesia has reduced supply and China, the largest tin producer, is unable
to fill the gap, as the consumption in China itself is very high, said the
dealer.
Persistent demand from Japan, one of the largest industrial countries,
contributed to the increase in the local metal price, he added. Bernama
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