KUALA LUMPUR, Dec 10 (Bernama) — The Kuala Lumpur rubber market closed on a firm note today, in tandem with the Tokyo Commodity Exchange (Tocom) rubber futures, a dealer said.
The dealer said the increase in the price was also due to the pick-up in China’s factory output and retail sales.
“China’s factory output and retail sales growth suggested a revival in the world’s second-biggest economy and will boost the chances for stronger-than-expected export figures,” he said.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR20 rose 6.5 sen to 866.5 sen a kg and latex-in-bulk stood at 579.5 sen a kg.
The unofficial closing price for tyre-grade SMR20 increased 9.5 sen to 868 sen a kg while latex-in-bulk gained 1.5 sen to 579.5 sen a kg.
BERNAMA
