KUALA LUMPUR: The local rubber market closed marginally lower yesterday prompted by the weak ringgit against the US dollar, a dealer said.
He said the easier local market was also in tandem with the downtrend on the Tokyo Commodity Exchange (TOCOM).
At close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 eased 0.5 sen to 512.50 sen a kg while latex-in-bulk dipped 1.5 sen to 419.50 sen a kg.
The unofficial closing price for tyre-grade SMR 20 added 0.5 sen to 512.50 sen a kg and latex-in-bulk slipped 2.5 sen to 418 sen a kg.
Bernama
