KUALA LUMPUR: Malaysian rubber prices closed marginally lower yesterday, although the weakening of the ringgit against the US dollar helped cushion the decline.
A dealer said the day saw quiet trading as the local market was clueless about direction.
The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 slipped 1.5 sen to 488 sen a kg at noon while latex-in-bulk shed 0.5 sen to 391 sen a kg.
The unofficial closing price for tyre-grade SMR 20 decreased five sen to 483 sen a kg while latex-in-bulk trimmed two sen to 390 sen a kg. Bernama