KUALA LUMPUR: The Malaysian rubber market recorded a decline yesterday, tracking the downtrend performance of the Tokyo Commodity Exchange (TOCOM) and the Shanghai Futures Exchange (SHFE), a dealer said.
He said TOCOM witnessed a loss in its rubber market following profit-taking after a series of gains, hence affecting other physical market in the region.
The noon benchmark Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 was 4.5 sen lower at 507.50 sen a kg, while latex-in-bulk slid one sen to 406.50 sen a kg.
The 5pm unofficial closing price for tyre-grade SMR 20 eased 4.5 sen to 505.50 sen a kg, and latex-in-bulk was down by 1.5 sen to 405.50 sen a kg. Bernama
