Rubber prices close lower
Rubber prices closed lower today on lack of demand following negative sentiment brought by lower Tokyo Commodity Exchange
opening prices, dealers said.
They said the Japanese yen's strengthening against the greenback reduced appetite in the yen-based futures market.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 fell 12 sen to close at 780.5 sen per kg while latex-in-bulk declined 1.5 sen to 567.5 sen per kg.
The unofficial closing price for tyre-grade SMR 20 fell 11.5 sen to 778.5 sen per kg while latex-in-bulk added half a sen to 568.5 sen per kg.-- Bernama