KUALA LUMPUR (April 23): The Malaysian rubber market closed mixed on Wednesday, in tandem with lower rubber prices on the Tokyo Commodity Exchange (TOCOM), amid a quiet market, said a dealer.
The dealer said, market sentiment was affected by the poor Chinese economic data, that in turn is raising fears that demand for rubber would be reduced.
China is the world’s biggest consumer of rubber.
The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20, rose six sen to 550 sen a kg at noon, while latex-in-bulk was three sen lower at 453.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 added three sen to 549 sen a kg, while latex-in-bulk shed half-a-sen to 453 sen a kg.
– Bernama
