KUALA LUMPUR: The Malaysian rubber market closed slightly higher yesterday, tracking the rise in crude oil prices.
A dealer said the uptrend was also in line with improvements in regional futures markets.
“However, some investors remained on the sidelines, waiting for the outcome of the coming US Federal Reserve’s two-day policy meeting,” he said.
At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 gained 3.5 sen to 517 sen a kg and while latex-in-bulk remained unchanged at Tuesday’s 395 sen a kg.
The unofficial closing price for tyre-grade SMR 20 rose four sen to 518 sen a kg, while latex-in-bulk earned half a sen to 395.50 sen a kg. Bernama
