The Malaysian rubber market remained easier today tracking the downtrend in regional markets amid weak demand, a dealer said.
“Market operators were on a wait-and-see attitude ahead of a policy statement from the US Federal Reserve.
“There is broad consensus that its Federal Open Market Committee will refrain from ending its near-zero interest rate policy,” the dealer said.
In addition, he said, the fall in crude oil prices also led to the rubber price slump.
The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 fell nine sen to 504 sen a kg while latex-in-bulk eased 3.5 sen to 392 sen a kg.
The 5pm unofficial closing price for SMR 20, however, rose 17.5 sen to 525.5 sen a kg but latex-in-bulk slipped three sen to 390.50 sen a kg. – Bernama, October 28, 2015.