KUALA LUMPUR: Malaysian rubber prices closed lower yesterday following a negative sentiment from the futures market and a steep drop in crude oil prices, a dealer said.
He said the decline was in tandem with the benchmark Tokyo Commodity Exchange while no trading was conducted on the Shanghai Futures Exchange as markets in China were closed for National Day.
The noon benchmark Malaysian Rubber Board official physical price for tyre-grade SMR 20 dropped by 5.5 sen to 468.50 sen a kg while latex-in-bulk eased two sen to 376.50 sen a kg.
The 5pm unofficial closing price for tyre-grade SMR 20 fell 13.50 sen to 460.50 sen a kg while latex-in-bulk dropped three sen to 375 sen a kg. Bernama