KUALA LUMPUR (March 12): Rubber prices on the Malaysian rubber market closed higher, for the second consecutive day, due to tight supply in rubber-producing countries, including Malaysia, said a dealer.
The dealer said that the better performance was also in line with gains on the Tokyo Commodity Exchange and Shanghai Futures Exchange.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR20 was 10 sen higher, at 623 sen a kg, and latex-in-bulk gained three sen to 488 sen a kg.
The unofficial closing price for tyre-grade SMR20 rose seven sen to 630 sen, and latex-in-bulk was 2.5 sen higher, at 490.5 sen a kg.
