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Tuesday, May 24, 2022

Malaysia: Rubber market closes mixed

KUALA LUMPUR (June 4): The Malaysian rubber market closed mixed today on the back of further weakening of the ringgit against the US dollar, a dealer said.

He said the market was bolstered by higher opening of Tokyo Commodity Exchange and Singapore SGX prices.

At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 firmed 0.2 sen to 532.2 sen a kg at noon while latex-in-bulk eased half a sen to 458.5 sen a kg. 

The unofficial closing price for tyre-grade SMR 20 was 0.5 sen higher at 532.5 sen a kg while latex-in-bulk shed one sen at 457.5 sen a kg. 

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