KUALA LUMPUR: Malaysian rubber prices closed mixed yesterday on the back of the weakening of the ringgit against the US dollar, a dealer said.
He said the rubber market was tracking the Tokyo Commodity Exchange (TOCOM) which closed higher yesterday, prompted by the rise in the Chinese new loans totalling 702.5 billion yuan.
However, the drop in crude oil prices was a negative factor that capped the gain, he added.
The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 added 4.5 sen to 477.5 sen a kg at noon while latex-in-bulk fell three sen to 389.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 increased seven sen to 481.0 sen a kg while latex-in-bulk lost 1.5 sen to 389.0 sen a kg. Bernama
