KUALA LUMPUR: The Malaysian rubber prices continued its downtrend for the fourth consecutive day in tandem with the benchmark Tokyo Commodity Exchange and Shanghai Futures Exchange, a dealer said.
He said the rubber prices on both exchanges dropped further yesterday on concerns over the soft commodity’s supply glut following Thailand’s stockpile sell-off and persistent weak demand from top buyer, China.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 fell 14 sen to 480.5 sen a kg while latex-in-bulk was five sen lower at 396.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 dipped nine sen to 477.0 sen a kg while latex-in-bulk fell 4.5 sen to 394.5 sen a kg. Bernama
