KUALA LUMPUR: The rubber price on the Malaysian rubber market closed mix today on technical correction, a dealer said
He said that the market is taking a breather after a few days of price hike.
“The moderate performance on Malaysian rubber market today, as compared to yesterday, was also contributed by the softening prices on the Singapore Exchange (SGX) and Shanghai Futures Exchange (SHFE),” he said.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR20 gained half-a-sen to 622.5 sen a kg, while latex-in-bulk was 2.5 sen better at 482 sen a kg.
The unofficial closing price for tyre-grade SMR20, went down five sen to 622.5 sen a kg, while latex-in-bulk decreased 5.5 sen to 482.5 sen a kg.– Bernama
