KUALA LUMPUR (May 26): The Malaysian rubber market closed mixed today, tracking the uptrend on the opening of the Shanghai Futures Exchange, but later lost momentum and was subdued on closing, a dealer said.
He said in the meantime, traders are reportedly keeping their eyes on the political situation in Thailand, to assess whether supply will be disrupted in the world’s largest rubber producing country.
The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 added 2.5 sen to 547.50 sen a kg at noon, while latex-in-bulk slipped 1.5 sen to 461 sen a kg.
The unofficial closing price for tyre-grade SMR 20 increased 3.5 sen to 546.50 sen a kg, while latex-in-bulk decreased 0.5 sen to 461.50 sen a kg.