The Malaysian rubber market closed lower in quiet trading Thursday in tandem with the bearish Tokyo Commodity Exchange
and reduced demand, said a dealer.
The low rubber price was influenced by rising rubber inventories in China to the highest since 2010 and the firming up of the yen, said the dealer.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR20 shed 7.5 sen to 844.5 sen a kg while latex-in-bulk eased 1.5 sen to 616.5 sen a kg.
The unofficial closing price for tyre-grade SMR20 fell 20.5 sen to 832.0 sen a kg and latex-in-bulk lost 2.5 sen to 615.5 sen a kg.– Bernama
