KUALA LUMPUR (May 6): Malaysian rubber prices extended their downtrend to close mostly lower today, dampened by low demand, a dealer said.
She said the decline was due to negative sentiment brought about by the lower opening of rubber futures prices on the Singapore Exchange and Shanghai Futures Exchange.
Meanwhile, the Tokyo Commodity Exchange was closed today for Substitute Holiday For Greenery Day.
The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 fell 11.5 sen to 545.5 sen a kg at noon, while latex-in-bulk shed one sen to 456 sen a kg.
The unofficial closing price for tyre-grade SMR 20 decreased 12.5 sen to 541 sen a kg, while latex-in-bulk was unchanged at 456 sen a kg.
– Bernama
