KUALA LUMPUR: Malaysian rubber prices closed mixed today as investors took cue from the price movement on the Tokyo Commodity Exchange and Shanghai Futures Exchange, dealers said.
The regional rubber markets tumbled following news on the sale of rubber from Thailand’s stockpile as well as worries over China’s economy.
However, the weakening ringgit against the US dollar helped spur some demand from foreign buyers and this managed to limit losses, a dealer said.
The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 was unchanged at 479.5 sen a kg at noon while latex-in-bulk slipped 0.5 sen to 389 sen a kg.
The unofficial closing price for tyre-grade SMR 20 rose three sen to 484 sen a kg while latex-in-bulk added 0.5 sen to 389.5 sen a kg.– Bernama
