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Wednesday, August 17, 2022

Malaysia: Rubber prices close mixed

The Malaysian rubber market closed mixed on the back of a weak ringgit ahead of the Lunar New Year holidays, dealers said.

He also said market sentiment was also affected by the decline in the Tokyo Commodity Exchange due to a stronger yen.

At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 decreased two sen to 708 sen a kg while latex-in-bulk eased one sen to 484.50 sen a kg.

The unofficial closing price for tyre-grade SMR 20 eased 5.5 sen to 706 sen a kg while latex-in-bulk shed 0.5 sen to 484 sen a kg.– Bernama

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