Malaysian rubber prices closed higher today, in line with better prices on the Tokyo Commodity Exchange (TOCOM), dealers said.
Demand for local rubber received a boost on the back of firm oil prices but profit-taking limited gains.
“Firm oil prices helped support TOCOM, but a portion of the players took profits ahead of the weekend and that capped the rise,” a dealer said.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 decreased two sen to close at 740.50 sen per kg while latex-in-bulk gained two sen to 523.5 sen per kg.
The unofficial closing price for tyre-grade SMR 20 increased four-and-a-half sen to 745 sen per kg while latex-in-bulk rose two-and-a-half sen to 525 sen per kg.– Bernama
