KUALA LUMPUR: The Malaysian rubber market closed mixed yesterday on mild buying interest and amid a weakening of the ringgit, a dealer said.
He also said local buyers remained on the sidelines due to a lack of fresh direction.
The mixed local market was in contrast though to the downtrend in rubber prices on the Tokyo Commodity Exchange, following concerns over higher inventory levels.
The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 rose three sen to 527 sen a kg, but latex-in-bulk was one sen lower at 452 sen a kg.
The unofficial closing price for tyre-grade SMR 20 shed one sen to 526 sen a kg, while latex-in-bulk was unchanged at 452 sen a kg. Bernama
