KUALA LUMPUR: The Malaysian rubber market closed mixed yesterday, due to a stronger ringgit, coupled with a further drop in crude oil prices, a dealer said.
He said China had lifted the cap for rubber import tariffs to 1,500 renminbi (US$242) a tonne from the current 1,200 renminbi (US$193), which may have a negative impact on imports of the commodity.
At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 decreased one sen to 512.50 sen a kg, while latex-in-bulk rose one sen to 356 sen a kg.
The unofficial closing price for tyre-grade SMR 20 fell one sen to 512 sen a kg, while latex-in-bulk earned two sen to 357 sen a kg. Bernama
