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Sunday, October 17, 2021

Malaysia: Rubber mart closes mixed

KUALA LUMPUR: The Malaysian rubber market closed mixed today amid the strong ringgit versus the greenback, a dealer said.

He said the trend was against the benchmark Tokyo Commodity Exchange which closed higher due to firm oil prices and upbeat China manufacturing data.

“However, the upside was still limited,” he said, adding that China’s factory activity hit a multi-month high in June, reinforcing signs that the world’s second-largest economy is steadying as the government steps up policy support.

At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 slipped four sen to 558 sen a kg while latex-in-bulk remained unchanged at yesterday’s 468 sen a kg.

The unofficial closing price for tyre-grade SMR 20 fell three sen to 556 sen a kg while latex-in-bulk rose 0.5 sen to 468 sen a kg.– Bernama

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