KUALA LUMPUR: The Malaysian rubber market extended its gains today in response to the uptrend in the regional futures market, a dealer said.
The dealer said it also culminated from news over the possible delay in a planned sales tax hike in Japan, apart from the ringgit strengthening against the US dollar – another positive factor for the price increase.
The noon benchmark Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 earned 6.5 sen to 510.50 sen a kg and latex-in-bulk rose one sen to 408.00 sen a kg.
The 5pm closing price for tyre-grade SMR 20 gained six sen to 513.00 sen a kg, while latex-in-bulk increased 2.5 sen to 409.00 sen a kg.– Bernama
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