Malaysian rubber prices rebounded to close mixed today following the higher Tokyo Commodity Exchange (TOCOM) finish, dealers said.
A dealer said the firmer TOCOM was due to the weak yen against US dollar as Japanese trade deficit widened.
However, the buying activities were not that aggressive as stockpiles have risen in China’s bonded warehouses in Qingdao recently, he said.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR20 rose 3.5 sen to 734.5 sen a kg, while latex-in-bulk slipped one sen to 514 sen a kg.
The unofficial closing price for tyre-grade SMR20 was unchanged at 731 sen a kg, while latex-in-bulk shed one sen to 513.5 sen a kg.– Bernama
