KUALA LUMPUR: The Malaysian rubber market closed lower today in line with the benchmark Tokyo Commodity Exchange (TOCOM) and the Shanghai Futures Exchange, a dealer said.
He said TOCOM rubber futures declined to a three-month low today taking the cue from the further decline of crude oil prices.
At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 fell 13 sen to 494.5 sen a kg, while latex-in-bulk dipped 3.5 sen to 401.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 dropped 19.5 sen to 486.0 sen a kg while latex-in-bulk slid five sen to 399.0 sen a kg.– Bernama
