Rubber mart closes lower
Malaysian rubber prices closed lower today due to lack of demand for the commodity, dealers said.
The bearish sentiment was also influenced by lower rubber futures prices on the Tokyo Commodity Exchange.
"Market fundamentals are weak and prices are heading downwards," said a dealer.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 was 7.5 sen lower at 740.50 sen a kg and latex-in-bulk shed two-and-a-half sen to 531.50 a kg.
The unofficial closing price for tyre-grade SMR 20 dropped 15 sen to 732.50 sen a kg and latex-in-bulk decreased 4.5 sen to 529 a kg.-- Bernama