KUALA LUMPUR: The Malaysian rubber market closed lower today on weak buying support, following a drop in other commodities such as crude oil.
A dealer said the market also responded negatively over a report that rubber inventories in warehouses monitored by the Shanghai Futures Exchange (SHFE) rose by 1.3 per cent from last Friday’s level.
At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 fell nine sen to 504 sen a kg and latex-in-bulk was unchanged at 399 sen a kg.
The unofficial closing price for tyre-grade SMR 20 slipped nine sen to 500.5 sen a kg, while latex-in-bulk remained at 399 sen a kg.– Bernama
