Rubber mart ends lower on weak buying
Malaysian rubber prices ended lower today dragged by weak buying interest for the commodity, dealers said.
A dealer said the local market was quiet on the back of less participation especially from China, the world's largest rubber consumer, due to the Chinese Mooncake festival celebration.
"Shanghai Futures Exchange was closed for two days and this dampened rubber transactions" she told Bernama.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR20 fell 12.5 sen to 768.5 sen a kg while latex-in-bulk slipped 3.5 sen to 562.5 sen a kg.
The unofficial closing price for tyre-grade SMR20 lost 16.5 sen to 764 sen a kg while latex-in-bulk eased five sen to 560.5 sen a kg.-- Bernama