Continued weak regional sentiment coupled with the stronger ringgit spurred the local rubber market to close mostly lower today, a dealer said.
He said sentiment was also hurt by a report that rubber inventories in warehouses monitored by the Shanghai Futures Exchange rose 1.5 per cent today in contrast to last Friday’s level.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR20 fell nine sen to 771.5 sen a kg while latex-in-bulk increased half-a-sen to 568 sen a kg.
The unofficial closing price for tyre-grade SMR20 decreased 10.5 sen to 768 sen a kg and latex-in-bulk shed one sen to 567.5 sen a kg.– Bernama
