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Sunday, October 17, 2021

Malaysia: Rubber slips on strong ringgit

KUALA LUMPUR: The local rubber market closed lower yesterday on further ringgit strengthening versus the US dollar, a dealer said.

At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 slipped five sen to 562 sen a kg, while latex-in-bulk was one sen lower to 468 sen a kg.

The unofficial closing price for tyre-grade SMR 20 fell five sen to 559 sen a kg, while latex-in-bulk shed two sen to 467.5 sen a kg.

Bernama

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