KUALA LUMPUR: The Malaysian rubber market extended its upward momentum to the sixth consecutive trading day today, driven by positive regional market developments.
A dealer said the impact of a report stating that Indonesia’s main rubber group had asked its members to impose strict limits on sales until the second quarter of 2015 was still lingering.
“However, the price increase today was capped by a stronger ringgit,” he added.
At close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 jumped 4.5 sen to 521 sen a kg, and latex-in-bulk increased 4.5 sen to 395.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 fell three sen to 517 sen a kg, and latex-in-bulk rose half a sen to 394.5 sen a kg.– Bernama
