Rubber prices close higher
The Malaysian rubber prices ended higher today in tandem with the Tokyo rubber futures market as progress in US debt talks encouraged buying, dealers said.
A dealer said the market was firmer as concerns over the US government shutdown had eased.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 increased 0.5 sen to close at 747.50 sen per kg while latex-in-bulk gained 1.5 sen to 536.50 sen per kg.
The unofficial closing price for tyre-grade SMR 20 increased 11 sen to 749.50 sen per kg while latex-in-bulk decreased 1.5 sen to 532 sen per kg.-- Bernama