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Wednesday, July 6, 2022

Malaysia: Rubber prices mostly lower

KUALA LUMPUR: The Malaysian rubber prices ended mostly lower yesterday, in line with the decline in benchmark Tokyo Commodity Exchange and Shanghai Futures Exchange.

A dealer said the downtrend was due to the negative sentiment following a report that China’s industrial profits fell by 0.6 per cent in August 2014 from a year earlier.

The noon benchmark Malaysian Rubber Board official physical price for tyre-grade SMR 20 rose by 2.5 sen to 471 sen a kg while latex-in-bulk dippped 0.5 sen to 379.5 sen a kg.

The 5pm unofficial closing price for tyre-grade SMR 20 fell 0.5 sen to 471 sen a kg while latex-in-bulk dropped two sen to 378.5 sen a kg. Bernama

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