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Tuesday, July 5, 2022

Malaysia: Rubber mart extends losses

KUALA LUMPUR: The Malaysian rubber market extended its losses yesterday, tracking the weak performance on the Tokyo Commodity Exchange and Shanghai Futures Exchange, amid further decline in crude oil prices.

At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 eased one sen to 507.50 sen a kg while latex-in-bulk dipped 2.5 sen to 405 sen a kg.

The unofficial closing price of tyre-grade SMR 20 fell 1.5 sen to 505.5 sen a kg and latex-in-bulk decreased 2.0 sen to 404 sen a kg.

– Bernama

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