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Malaysia: Rubber market closes mixed on moderate demand

KUALA LUMPUR, July 16 — The Malaysian rubber market closed mixed today due to moderate demand for the commodity despite positive regional sentiments, a dealer said.

Rubber prices on the Tokyo Commodity Exchange rubber futures edged higher influenced by firmer oil prices.

The dealer said lack of fresh demand from regional markets led buyers to stay on the sidelines before taking any major position.  The local market was closed yesterday for the Nuzul Quran public holiday.  At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 slipped 1.5 sen to 525.5 sen a kg, while latex-in-bulk was unchanged at 451.5 sen a kg.

The unofficial closing price for tyre-grade SMR 20 added half-a-sen to 527.5 sen a kg, while latex-in-bulk shed half-a-sen to 451.5 sen a kg. — Bernama

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