Rubber prices on the Malaysian rubber market continued to close lower today in line with the fall in prices on the Tokyo Commodity Exchange (TOCOM), a dealer said.
The dealer said local rubber prices was dragged down by negative sentiment brought by the pause in the yen’s decline against the US dollar, despite the weakening of the ringgit and reports on tight supply situation in rubber growing areas.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 fell 23.5 sen to 757.5 sen a kg, while latex-in-bulk lost one sen to 591.5 sen a kg.
The unofficial sellers closing price for tyre-grade SMR 20 slipped 18.5 sen to 747.5 sen a kg and latex-in-bulk dipped one sen to 590.0 sen a kg.– Bernama
