KUALA LUMPUR: The Malaysian rubber market closed mixed today on worries over Chinese demand after trade data showed a drop in imports of major commodities, a dealer said.
It was reported that China’s imports of most major commodities fell in October from the preceding month due to seasonal factors and a weaker economy, said the dealer.
At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 eased one sen to 504 sen a kg and latex-in-bulk rose 1.5 sen to 407 sen a kg.
The unofficial closing price for tyre-grade SMR 20 gained 1.5 sen to 507 sen a kg, while latex-in-bulk shed 0.5 sen to 406.50 sen a kg.– Bernama
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