KUALA LUMPUR: The Malaysian rubber market closed higher today on technical rebound, a dealer said.
The dealer said the rubber prices recovered from yesterday’s declined amid the uptrend on Shanghai Futures Exchange.
Tokyo Commodity Exchange, however, was closed today for festive celebration.
At close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 rose 9.5 sen to 561 sen a kg at noon while latex-in-bulk inched up one sen to 451 sen a kg.
The unofficial closing price for tyre-grade SMR 20 improved 8.5 sen to 563.5 sen a kg while latex-in-bulk added 0.5 sen to 451 sen a kg.– Bernama
