RUBBER MARKET CLOSES LOWER

12 Jul 2013 11:19

KUALA LUMPUR, July 9 (Bernama) -- The Malaysian rubber market ended lower today in quiet trading as players stayed on the sidelines due to lack of fresh leads, dealers said.

The market sentiment however was against the Tokyo rubber futures, which rose 0.6 per cent due to the declining domestic stockpile which helped the market to recover from a one-week low recorded earlier in the day.

At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 eased three sen to 695 sen a kg and latex-in-bulk shed 2.5 sen to 528 sen a kg. The unofficial sellers' closing price for tyre-grade SMR 20 earned half-a-sen to 695.5 sen a kg and latex-in-bulk dropped 1.5 sen to 527 sen a kg.

-- BERNAMA

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