The Malaysian rubber market closed higher for the second consecutive day today, despite a stronger ringgit, lower crude oil prices and weaker performance of the regional futures, a dealer said.
The Tokyo Commodity Exchange (TOCOM) futures ended lower due to the stronger yen and a slowdown in China’s factory sector activities.
At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 increased six sen to 513.50 sen a kg, while latex-in-bulk rose three sen to 355 sen a kg.
The unofficial closing price for tyre-grade SMR 20 gained one sen to 513 sen a kg, while latex-in-bulk earned one sen to 355 sen a kg.
