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Thursday, July 7, 2022

Malaysia: Weak buying sentiment

KUALA LUMPUR: Malaysian rubber prices closed lower yesterday in line with the benchmark Tokyo Commodity Exchange and Shanghai Futures Exchange.

A dealer said weaker buying sentiment for the commodity was due to concerns over China’s economic outlook.

The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 lost 10.5 sen to 477.5 sen a kg at noon while latex-in-bulk eased 2.5 sen to 388.5 sen a kg.

The unofficial closing price for tyre-grade SMR 20 slipped 12.5 sen to 470.5 sen a kg while latex-in-bulk fell 3.5 sen to 386.5 sen a kg. Bernama

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