KUALA LUMPUR: The Malaysian rubber market closed marginally lower yesterday on lack of demand for the commodity.
A dealer said slowing demand from the world’s biggest consumer, China, weighed on prices apart from cautious sentiment on the Chinese trade data.
The Chinese trade data released yesterday showed that imports fell 6.7 per cent in November 2014 against expectations of a 3.9 per cent rise.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 lost half a sen to 503 sen a kg, while latex-in-bulk dropped two sen to 357.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 rose five sen to 503 sen a kg, while latex-in-bulk fell four sen to 354.5 sen a kg. Bernama
