Malaysian rubber prices closed slightly lower today on the back of a bearish market, a dealer said.
He said market players stayed on the sidelines, reflecting a negative sentiment in the market as scepticism rises over stimulus measures to tackle the uncertainties of the US economy.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR20 slipped 1.5 sen to 760.5 sen a kg while latex-in-bulk declined three sen to 554 sen a kg.
At 5pm, the unofficial closing price for tyre-grade SMR20 added half-a-sen to 762 sen a kg while latex-in-bulk eased one sen to 554 sen a kg.– Bernama
