Tin Price Under Pressure

Tin Price in commodity stocks Malaysia back continue its losses on trading session on Friday afternoon (18/12). The price of the base metals such as tin depressed U.S. dollar gains .

Tin price decline also encouraged the U.S. dollar rose after U.S. interest rate rise. Tin Price received negative sentiment in the middle of the rise in the exchange rate of U.S. dollars. Commodity prices become more and more expensive because of the process of export-import generally done using US dollars.

Strengthening U.S. dollar pressing also precious metals prices. Gold prices spot gold sank as much as 2.4 percent from the position in the session low tory 1,047.25 dollar per ounce, only $ 1.40 on the position of approaching the lowest point six years earlier this month. Gold prices last down 1.9 percent at $1,051.80.

Meanwhile other metals prices also hit because the strengthening of the dollar. Paladium prices fell as much as 3.6 percent to a session low $ 548,25 per ounce, while the prices of Silver fell 3.1 percent to $ 13,63 per ounce. The price of platinum fell 4.1 percent from the session low on $ 837 per ounce.

Tin Price in commodity stocks monitored Malaysia decline. This industry metal prices traded on the position of the dollar 14.550 per tonne, fell by 30 dollars.