Rubber prices close slightly higher
Rubber prices closed slightly higher today on further weakened ringgit against the US dollar, dealers said.
A dealer said there were rising concerns on the supply of raw material following persistent heavy rain in Thailand.
"Market players are also eyeing a deluge of data this week as the US government agencies catch up after a 16-day shutdown," he said.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 rose 7.5 sen to close at 748 sen a kg, while latex-in-bulk was flat at 534 sen a kg.
The unofficial closing price for tyre-grade SMR 20 gained four sen to 747.5 sen a kg while latex-in-bulk shed half-a-sen to 533.5 sen a kg.-- Bernama