KUALA LUMPUR, Dec 16 (Bernama) — The Malaysian rubber market closed mixed to lower today in quiet trading with most players reacting to the downtrend on the Tokyo Commodity Exchange (TOCOM), a dealer said.
“Market operators remained on the sidelines, waiting on the official announcement of an anticipated historic interest rate hike in the US today,” he added.
The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 fell 8.5 sen to 487 sen a kg, while latex-in-bulk declined 1.5 sen to 360.5 sen a kg.
The 5pm unofficial closing price for SMR 20 rose half-a-sen to 490 sen a kg while latex-in-bulk was one sen lower to 360 sen a kg.
— BERNAMA
