Malaysian rubber price closes higher

ERJ staff report (TP)

Kuala Lumpur − Malaysian rubber prices closed higher yesterday (4 November) on renewed buying interest after recent losses, reported The Malay Mail.

A dealer said demand for the commodity was also boosted by the tight supply conditions due to the wet weather in the country.

At noon, the Malaysian Rubber Board's official physical price for tire-grade SMR 20 rose 8 sen (€0.018) to 725 sen (€1.69) a kg, and latex-in-bulk added 1.5 sen (€0.003) to 525.5 sen (€1.23) a kg.

The unofficial closing price for tire-grade SMR 20 gained 4 sen (€0.009) to 726 sen (€1.69) a kg, while latex-in-bulk was unchanged at 525 sen (€122.6) a kg.

The market will be closed on 5 November for the Awal Muharram public holiday and resumes trading on 6 November.

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Full story from The Malay Mail