Rubber rebounds to close mixed
Malaysian rubber prices rebounded to close mixed today, aided by the US Federal Reserve's decision to postpone a scaleback of its monetary stimulus, dealers said.
Another positive factor was speculation that China, the world's largest rubber consumer, may make purchases from local suppliers for government stockpiles, a dealer said.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR20 rose 12 sen to 781 sen a kg, while latex-in-bulk slipped half-a-sen to 566 sen a kg.
The unofficial closing price for tyre-grade SMR20 was up 7.5 sen to 780.5 sen a kg, while latex-in-bulk shed half-a-sen to 565.5 sen a kg.-- Bernama