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Monday, January 24, 2022

Malaysia: Rubber prices close lower

The Malaysian rubber market ended lower today despite the rise in benchmark Tokyo rubber futures in line with the firmer Nikkei stock prices and gains in oil, dealers said.

A dealer said the lower rubber prices in the local market were due to lack of buying interest from major consumers.

At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 shed 4.5 sen to 701 sen a kg and latex-in-bulk shed 4.5 sen to 545 a kg.

Meanwhile, the unofficial seller’s closing price for tyre-grade SMR 20 decreased 1.50 sen to 701 sen a kg and latex-in-bulk declined 3.5 sen to 543.50 sen a kg.– Bernama

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