KUALA LUMPUR: The Malaysian rubber market closed marginally lower today, weighed on by the stronger ringgit, dealers said.
A dealer said rubber demand also softened as rubber prices on the Shanghai Futures Exchange weakened.
At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 edged down 1.5 sen to 532.5 sen a kg, while latex-in-bulk slipped one sen to 451.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 dropped three sen to 530 sen a kg, and latex-in-bulk decreased two sen to 450.5 sen a kg.– Bernama
