The Malaysian rubber market closed mixed today on lack of demand and coupled with a weaker ringgit against the US dollar, a dealer said.
The dealer said market sentiment was quiet and buyers were on the sidelines due to the upcoming Christmas and year-end holidays.
“The market is directionless and the mixed performance in the local rubber market was also in tandem with the decline in Tokyo rubber futures,” she told Bernama.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 decreased 3.5 sen to 742.5 sen a kg and latex-in-bulk increased two sen to 521.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 shed six sen to 740.5 sen a kg while latex-in-bulk gained two-and-a-half sen to 522.5 sen a kg.– Bernama
