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Sunday, March 26, 2023

Malaysia: Rubber market up on persistent buying

KUALA LUMPUR: The Malaysian rubber market closed higher for the second consecutive day yesterday on the back of persistent buying for the commodity.

A dealer said investors took the cue from the higher rubber prices on the Tokyo Commodity Exchange.

Positive sentiments from a rally in the Singapore Exchange and Shanghai Futures Exchange supported local prices.

At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 rose 10.5 sen to 551 sen a kg and latex-in-bulk added 2.5 sen to 464.50 sen a kg. Bernama

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