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Wednesday, August 17, 2022

Malaysia: Rubber prices close mixed

Rubber prices closed mixed today in a quiet market on mild buying interest, a dealer said.

He also said most traders had remained on the sidelines awaiting the US third quarter Gross Domestic Product data due for release later today, for a finger on the pulse of the world’s biggest economy, before participating actively in the market.

At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 rose two sen to 726 sen a kg, while latex-in-bulk shed 1.5 sen to 522 sen a kg.

The unofficial closing price for tyre-grade SMR 20 gained six sen to 728 sen a kg, while latex-in-bulk slipped half sen to 521.5 sen a kg.– Bernama

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