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Malaysia: Rubber prices end higher

KUALA LUMPUR (Jan 21): The Malaysian rubber market closed higher on increasing demand, despite the lower finish on the Tokyo rubber futures exchange.

A dealer said, the Tokyo Rubber Futures closed lower on the back of rising inventories, which weighed on the prices.

At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 increased 0.5 sen to 711.50 sen a kg, while latex-in-bulk increased one sen to 481 sen a kg.

The unofficial closing price for tyre-grade SMR 20 eased 0.5 sen to 709.50 sen a kg, while latex-in-bulk rose two sen to 482 sen a kg.

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