KUALA LUMPUR: The Malaysian rubber market closed mixed yesterday despite higher regional futures market as news that Japanese Prime Minister Shinzo Abe is going to delay a sales tax hike boosted sentiment, a dealer said.
He said the mixed trading was also contributed by the weakening of the ringgit against the US dollar.
Meanwhile, he said that market players were looking forward to the outcome of the meeting among major rubber producing countries here tomorrow to discuss strategies and measures to lift rubber prices.
At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 rose five sen to 502.50 sen a kg, while latex-in-bulk dipped 6.5 sen to 396.50 sen a kg.
The unofficial closing price for tyre-grade SMR 20 increased 10.5 sen to 507.50 sen a kg while latex-in-bulk slid five sen to 394.50 sen a kg. Bernama
