KUALA LUMPUR (Feb 20): Rubber prices ended mixed today, due to lack of demand, following high stockpile in China, which stood around 340,000 tonnes as of mid-February, a dealer said.
He said that negative sentiment, brought on by a report that HSBC’s China preliminary manufacturing Purchasing Managers’ Index (PMI) for February 2014 had fallen to 48.3, from a final PMI of 49.5 in January, is also weighing on the prices.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR20, fell 12 sen to 636 sen a kg, while latex-in-bulk edged up 1.5 sen to 479 sen per kg.
The unofficial closing price for tyre-grade SMR20, was 20 sen lower at 626 sen a kg, while latex-in-bulk decreased 0.5 sen to 479 sen a kg.
Written by Bernama
