KUALA LUMPUR: The Malaysian rubber market closed lower yesterday, in line with the weaker prices on the benchmark Tokyo Commodity Exchange and Shanghai Futures Exchange.
A dealer said the weaker prices locally and abroad were also weighed by the continuous fall in oil prices, which declined to a five-year low at one stage earlier yesterday.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 lost four sen to 498 sen a kg, and latex-in-bulk fell five sen to 374 sen a kg.
The unofficial closing price for tyre-grade SMR 20 decreased three sen to 499 sen a kg, and latex-in-bulk dropped 3.5 sen to 372.5 sen a kg. Bernama
