KUALA LUMPUR: Malaysian rubber prices closed the half-day market today mixed in quiet trading ahead of the Christmas holiday.
A dealer said the market was quiet as most players were away ahead of the Christmas and year-end holidays.
“Meanwhile, some traders remained on the sidelines as they were cautious.
“The slight decline in the ringgit, which is good news as it makes the commodity cheaper, was offset by the downtrend in the Tokyo Commodity Exchange (Tocom) rubber prices,” he said.
The benchmark Tocom rubber futures fell to a one-week low yesterday as foreign funds cleared positions ahead of the year-end.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 decreased 2.5 sen to 505.5 sen a kg, while latex-in-bulk rose two sen to 368 sen a kg. Bernama
