The Malaysian rubber market closed mixed today on lack of demand coupled with a weaker ringgit against the US dollar, a dealer said.
She told Bernama the variability was also due China buying only small quantities for short provisions.
The mixed performance in the local rubber market was also in tandem with the decline on the Tokyo rubber futures exchange, the dealer said.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 decreased four sen to 746 sen a kg and latex-in-bulk increased half-a-sen to 519.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 remained unchanged at 746.5 sen a kg while latex-in-bulk gained half-a-sen to 520 sen a kg.– Bernama
