KUALA LUMPUR: The Malaysian rubber market continued its upward momentum to close higher yesterday amid a weakened ringgit against the US dollar, which boosted demand for the commodity, a dealer said.
At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 rose four sen to 540.5 sen a kg and latex-in-bulk added one sen to 462 sen a kg.
The unofficial closing price for tyre-grade SMR 20 improved 7.5 sen to 544.5 sen a kg while latex-in-bulk gained 1.5 sen to 463 sen a kg.
Bernama
