Rubber price close sharply lower today in quiet trading due to the absence of major market players, a dealer said.
He said the Kuala Lumpur rubber market opened lower today as compared to yesterday’s closing as market players still remained on the sidelines at the start of the new year due to lack of fresh leads.
The Tokyo Rubber Futures Exchange, which sets the tone for the rubber price, is still close and will only resume trading on Monday.
At noon, the Malaysian Rubber Board’s official physical price for
tyre-grade SMR 20 fell 10.5 sen to 733.5 sen a kg, and latex-in-bulk slipped 13 sen to 517.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 fell 12.5 sen to 728 sen a kg while latex-in-bulk also shed 12.5 sen to 511 sen a kg.– Bernama
