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Tuesday, August 16, 2022

Malaysia: Prices rebound

KUALA LUMPUR: The Malaysian rubber market rebounded at close yesterday on the announcement by the Thai government that it would help planters of the commodity.

A dealer said among the measures to be taken, includes, purchasing rubber to build stockpiles in a bid to bolster prices.

“The measures will also have an impact on the Malaysian rubber market, by helping boost prices,” he added.

The noon benchmark Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 was 12.5 sen higher at 485 sen a kg, while latex-in-bulk rose 4.5 sen to 376.5 sen a kg.

The 5pm unofficial closing price for tyre-grade SMR 20 soared 13.5 sen to 487.5 sen a kg, and latex-in-bulk was up by eight sen to 380 sen a kg. Bernama

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