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Friday, June 2, 2023

Malaysia: Rubber prices close firmer

KUALA LUMPUR: Malaysian rubber prices ended firmer today on a technical correction following a weak downtrend, a dealer said.

He said the rebound in prices was also in line with the better performance of rubber futures on the Tokyo Commodity Exchange.

The noon benchmark Malaysian Rubber Board official physical price for tyre-grade SMR 20 rose by 3.5 sen to 468.50 sen a kg while latex-in-bulk dippped four sen to 380 sen a kg.

The 5pm unofficial closing price for tyre-grade SMR 20 gained 6.5 sen to 471.50 sen a kg while latex-in-bulk added half-a-sen to 380.50 sen a kg.– Bernama

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