Malaysian rubber prices closed mixed today, affected by the lack of the demand for the commodity ahead of the weekend, dealers said.
A dealer said the drop in the local rubber market was also in tandem with the weaker performance of the Tokyo rubber futures on the Tokyo Commodity Exchange (Tocom).
“The decline in rubber prices on Tocom, which influenced the direction of global rubber prices, was weighed down by falls in share and oil prices,” he said.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR20 rose five sen to 764.5 sen a kg while latex-in-bulk slipped 2.5 sen to 550 sen a kg.
The unofficial closing price at 5pm saw tyre-grade SMR20 gained half-a-sen to 760.5 sen a kg while latex-in-bulk declined 3.5 sen to 548 sen a kg.– Bernama
