KUALA LUMPUR: The Malaysian rubber market closed marginally lower yesterday on a further strengthening of the ringgit, while influencing demand from importers.
A dealer said the downtrend was in tandem with rubber prices on the Tokyo Commodity Exchange that were affected by a weaker yen.
At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 slipped two sen to 567 sen a kg, while latex-in-bulk was unchanged at 469 sen a kg.
The unofficial closing price for tyre-grade SMR 20 fell 5.5 sen to 564 sen a kg, while latex-in-bulk shed 0.5 sen to 469.5 sen a kg.Bernama
