Prices on the Malaysian rubber market closed mixed today on lack of strong buying support, a dealer said.
The dealer said prices on the Kuala Lumpur rubber market took a cue from yesterday’s closing as the Tokyo Commodity Exchange dropped further in range-bound trade as the yen came off its lows against the US dollar.
“The market also experienced demand concerns owing to high stocks in China and Japan,” said the dealer, adding that traders were now keeping their eyes on the Shanghai rubber market and external factors like currency for further cues.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR20 and latex-in-bulk remained at 739 sen per kg and 590.5 sen per kg respectively.
The unofficial closing price for tyre-grade SMR20 added seven sen to 748.5 sen per kg, while latex-in-bulk rose 1.5 sen to 592.5 sen per kg.– Bernama
