KUALA LUMPUR: The Malaysian rubber market closed lower yesterday on lack of demand, a dealer said.
He said although the rubber inventory in warehouses had dipped by 0.3 per cent week-on-week, the positive sentiment was countered by limited gains resulting from a drop in other industrial commodities on the Tokyo Commodity Exchange and the strengthening of the ringgit
At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 fell 1.5 sen to 533 sen a kg, while latex-in-bulk dipped half a sen to 436.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 fell half a sen to 532.5 sen a kg and latex-in-bulk slid one sen to 436 sen a kg.
-Bernama
