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Saturday, August 13, 2022

Malaysia: Rubber mart closes lower in quiet trading

The Malaysian rubber market closed lower today in quiet trading, dealers said.

A dealer said the negative sentiment, brought about by a Wall Street Journal report that the Chinese exports grew 4.3 per cent year-on-year in December, lower than the expected 4.5 per cent, weighed on the market.

At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 fell three sen to 707 sen a kg and latex-in-bulk eased four sen to 476.50 sen a kg.

The unofficial closing price for tyre-grade SMR 20 fell 10.5 sen to 701.50 sen a kg while latex-in-bulk also shed four sen to 475.50 sen a kg.

The market will be closed tomorrow for Maulidur Rasul public holiday and will re-open on Wednesday.– Bernama

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