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Malaysia: Rubber prices close mixed

KUALA LUMPUR (Dec 23): The Malaysian rubber market closed mixed today on lack of demand and weaker ringgit against the US dollar, a dealer said.

The dealer said the market was quiet as buyers stayed on the sidelines due to Christmas and year-end holidays.

“The mixed performance in the local rubber market was also in tandem with the Tokyo Rubber Futures which had slowed down amid year-end holidays,” he said.

The Tokyo Commodity Exchange was closed for a holiday today.

At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 increased by a sen to 754.5 sen a kg and latex-in-bulk was unchanged at 555.5 sen a kg.

The unofficial closing price for tyre-grade SMR 20 shed four sen to 750 sen a kg while latex-in-bulk dropped half-a-sen to 555.5 sen a kg.

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