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Friday, July 1, 2022

Malaysia: Rubber market ends marginally lower

KUALA LUMPUR: Malaysian rubber prices closed marginally lower today, although the weakening of the ringgit against the US dollar helped cushion the decline, a dealer said.

A dealer said the day saw quiet trading as the local market was clueless about direction.

The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 slipped 1.5 sen to 488 sen a kg at noon while latex-in-bulk shed 0.5 sen to 391 sen a kg.

The unofficial closing price for tyre-grade SMR 20 decreased five sen to 483 sen a kg while latex-in-bulk trimmed two sen to 390 sen a kg.– Bernama

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