KUALA LUMPUR, Feb 11 (Bernama) — Rubber prices closed lower today on lack of demand for the commodity.
A dealer said the local rubber market saw a slight decline in prices as the market had begun to be quiet ahead of the Chinese New Year celebration next week.
The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 slipped 0.5 sen to 493.5 sen a kg at noon while latex-in-bulk erased 0.5 sen to 380.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 added one sen to 495 sen a kg while latex-in-bulk fell 0.5 sen to 380.5 sen a kg.
— BERNAMA
