Malaysia: Rubber closes lower amid weaker ringgit

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KUALA LUMPUR (June 2): The Malaysian rubber market closed lower today amid the weaker ringgit against the US dollar, a dealer said.

The downward trend was also in tandem with the lower opening on the Tokyo Commodity Exchange and Singapore Exchange Ltd.

At close, the Malaysian Rubber Board’s official physical price for  tyre-grade SMR 20 slipped six sen to 531 sen a kg at noon while latex-in-bulk decreased three sen to 460 sen a kg. 

The unofficial closing price for tyre-grade SMR 20 was 6.5 sen lower at 529.5 sen a kg while latex-in-bulk lost four sen to 458.5 sen a kg.