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Friday, January 28, 2022

Malaysia: Up despite tight supply

KUALA LUMPUR: Rubber prices ended higher yesterday, despite the tight supply due to low production season and further weakening of the ringgit against the US dollar.

A dealer said the price uptrend was also in tandem with that of the Tokyo Commodity Exchange.

The Malaysian Rubber Board’s official physical price for tyre-grade SMR20 added one sen to 648 sen a kg, while latex-in-bulk edged up 5.5 per cent to 477.50 sen per kg.

The unofficial closing price for tyre-grade SMR20 was 0.5 sen lower at 646 sen a kg, while latex-in-bulk increased five sen to 479.50 sen a kg.

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