RUBBER PRICES ENDS HIGHER

12 Jul 2013 11:19

KUALA LUMPUR, July 11 (Bernama) -- The Malaysian rubber market ended higher in tandem with the rebound on the Tokyo Rubber Futures exchange, dealers said.

Stocks and commodities advanced after US Federal Reserve Chairman Ben Bernanke said the world's biggest economy would continue to need easy monetary policies for the foreseeable future.

"However, traders were cautious as natural rubber imports by China, the world's largest consumer, declined to 130,000 tonnes in June from 177,400 tonnes in May," he added.

At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 gained 2.5 sen to 689 sen a kg and latex-in-bulk shed 0.5 sen to 523.50 sen a kg. Meanwhile, the unofficial seller's closing price for tyre-grade SMR 20 increased 14 sen to 699 sen a kg and latex-in-bulk improved three sen to 525.50 sen a kg.

-- BERNAMA

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