KUALA LUMPUR: The Malaysian rubber market slipped at close today after gaining for almost a week due to technical correction, dealers said.
A dealer said the market also went down on negative reaction to a report on slow US service sector activity reflected by data released yesterday.
“Meanwhile, market operators were reportedly waiting for the outcome of the US Federal Reserve policy meeting,” he said.
At close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 lost 7.5 sen to 513.5 sen a kg, and latex-in-bulk eased half a sen to 395 sen a kg.
The unofficial closing price for tyre-grade SMR 20 fell three sen to 514 sen a kg, while latex-in-bulk earned half a sen to 395 sen a kg.– Bernama
