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Tuesday, May 24, 2022

Malaysia: Rubber prices close lower

The Malaysian rubber prices closed lower today on lack of emand, a dealer said.

The dealer said the downtrend in Malaysian rubber prices was also in line with the lower Tokyo rubber futures.

“The Malaysian rubber prices are also influenced by China which is considering to reduce its purchase of the commodity due to the country’s rising inventory,” the dealer said.

On the local front, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 decreased one sen to 719.5 sen a kg at noon, while latex-in-bulk was unchanged at 567.5 sen a kg.

The unofficial closing price for tyre-grade SMR 20 fell seven sen to 712 sen a kg, while latex-in-bulk declined one sen to 567 sen a kg.– Bernama

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