Rubber prices close lower on lack of demand
Malaysian rubber prices closed lower today due to lack of demand for the commodity, dealers said.
A dealer said the bearish sentiments were influenced by the weaker rubber prices on the Tokyo Commodity Exchange.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 was 6.5 sen lower at 747 sen a kg and latex-in-bulk shed two sen to 535 a kg.
The unofficial closing price for tyre-grade SMR 20 dropped 14 sen to 738.50 sen a kg and latex-in-bulk eased three sen to 533.50 a kg.-- Bernama