Rubber market closes mostly lower
Malaysian rubber prices closed mostly lower, for the second consecutive day this week, weighed by lack of buying interest for the commodity amid the stronger ringgit against the US dollar, dealers said.
One dealer said the local market was also influenced by the fall in crude oil prices as major world powers met to draft a resolution to destroy Syria's cache of chemical weapons.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR20 declined 2.5 sen to 769 sen a kg and latex-in-bulk slipped 1.5 sen to 566.5 sen a kg.
However, the unofficial closing price for tyre-grade SMR20 rose five sen to 773 sen a kg while latex-in-bulk shed 1.5 sen to 566 sen a kg.-- Bernama