KUALA LUMPUR: Malaysian rubber prices closed lower yesterday in line with the benchmark Tokyo Commodity Exchange and Shanghai Futures Exchange.
A dealer said weaker buying sentiment for the commodity was due to concerns over China’s economic outlook.
The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 lost 10.5 sen to 477.5 sen a kg at noon while latex-in-bulk eased 2.5 sen to 388.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 slipped 12.5 sen to 470.5 sen a kg while latex-in-bulk fell 3.5 sen to 386.5 sen a kg. Bernama