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Monday, August 15, 2022

Malaysia: Rubber prices end mixed

The Malaysian rubber market closed mixed today on weak demand as buyers anticipated prices to fall further, dealers said.

However, the prices were supported by the weakening of the ringgit against the US dollar.

At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 increased one sen to 706 sen a kg, while latex-in-bulk eased 1.5 sen to 554.5 sen a kg.

The unofficial closing price for tyre-grade SMR 20 added six sen to 707.50 sen a kg while latex-in-bulk rose 0.5 sen to 476 sen a kg.– Bernama

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