KUALA LUMPUR: The Malaysian rubber market closed mixed yesterday on lack of buying momentum and a higher benchmark at the Tokyo Commodity Exchange (TOCOM) futures market, a dealer said.
The dealer said the mixed factor was also influenced by the higher ringgit against the dollar.
The International Tripartite Rubber Council (ITRC) Ministerial Committee Meeting here today agreed to short and long term measures to manage the export in the global market.
The noon benchmark Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 was seven sen higher at 509.50 sen a kg, while latex-in-bulk fell three sen to 393.50 sen a kg.
The unofficial closing price for tyre-grade SMR 20 gained three sen to 510.50 sen a kg and latex-in-bulk dipped two sen to 392.50 sen a kg. Bernama