Malaysian rubber prices closed lower today due to lack of demand for the commodity, dealers said.
The bearish sentiment was also influenced by the bearish rubber futures market on the Tokyo Commodity Exchange.
“The market showed little change with the players sidelined in the absence of market moving news and the weakening ringgit against the US dollar,” said a dealer.
Meanwhile, the Malaysian Rubber Board’s official physical price at noon for tyre-grade SMR 20 was 3.5 sen lower at 731 sen a kg while latex-in-bulk shed 1.5 sen to 512.5 a kg.
The unofficial closing price for tyre-grade SMR 20 increased two sen to 733 sen a kg and latex-in-bulk decreased one sen to 512.50 a kg.– Bernama
