KUALA LUMPUR, Feb 5 (Bernama) — The Malaysian rubber market closed lower today in sync with regional futures markets, dealers said.
A dealer said China’s January manufacturing data contracted the most in almost three and a half years.
The lack of demand in China as such, may affect rubber prices, particularly during the upcoming Lunar New Year next week, he added.
The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 declined 8.5 sen to 446 sen a kg, while latex-in-bulk fell 2.5 sen to 361 sen a kg.
The 5 pm unofficial closing price for SMR 20 declined 2.5 sen to 449.5 sen a kg, while latex-in-bulk decreased 1.5 sen to 361 sen a kg.
The local market will be closed on Monday and Tuesday for the Chinese New Year.
— BERNAMA
