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Saturday, October 23, 2021

Malaysia: Rubber market end marginally lower (June 27)

KUALA LUMPUR: The Malaysian rubber market closed marginally lower yesterday on a further strengthening of the ringgit, while influencing demand from importers.

A dealer said the downtrend was in tandem with rubber prices on the Tokyo Commodity Exchange that were affected by a weaker yen.

At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 slipped two sen to 567 sen a kg, while latex-in-bulk was unchanged at 469 sen a kg.

The unofficial closing price for tyre-grade SMR 20 fell 5.5 sen to 564 sen a kg, while latex-in-bulk shed 0.5 sen to 469.5 sen a kg.Bernama

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