KUALA LUMPUR (May 20): Malaysian rubber prices closed marginally higher today, amid negative sentiments, a dealer said.
He said the downtrend in rubber futures on the Tokyo Commodity Exchange and the stronger ringgit against the US dollar, capped buying interest for the commodity.
The news of excess supply from Vietnam, following the country’s rising tension with China which had affected sales of the commodity, had also brought about negative sentiments, he added.
The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 inched up one sen to 548 sen a kg at noon, while latex-in-bulk added one sen to 458 sen a kg.
The unofficial closing price for tyre-grade SMR 20 slipped four sen to 546 sen a kg, while latex-in-bulk rose one sen to 458.5 sen a kg.
Malaysia: Rubber mart closes marginally higher
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