KUALA LUMPUR: The rubber market continued its downtrend yesterday on lack of buying support due to a weaker ringgit against the US dollar.
The Tokyo Commodity Exchange, however, closed higher backed by gains in crude oil and a weaker yen which strengthened the buying sentiment for the commodity.
At close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 eased one sen to 526 sen a kg while latex-in-bulk fell one sen to 456 sen a kg.
The unofficial closing price for tyre-grade SMR 20 was unchanged at 526 sen a kg while latex-in-bulk dwindled 0.5 sen to 456 sen a kg. Bernama