KUALA LUMPUR (April 16): Malaysian rubber prices closed mixed to lower today, on weaker economic data from China.
A trader said that the positive sentiment brought by rallies on Tokyo Commodity Exchange and Shanghai Futures Exchange earlier, was countered by a report that China’s gross domestic product growth fell in the first quarter of 2014, to its slowest pace since September of 2012.
The noon benchmark Malaysian Rubber Board official physical price for tyre-grade SMR 20, was up by 1.5 sen to 582 sen a kg, while latex-in-bulk dipped 2.5 sen to 479 sen a kg.
The 5pm unofficial closing price for tyre-grade SMR 20 eased 0.5 sen to 581.5 sen a kg, while latex-in-bulk dropped 1.5 sen to 473 sen a kg.
-Bernama
