RUBBER PRICES CLOSE LOWER

16 Jul 2013 07:54

KUALA LUMPUR, July 15 (Bernama) -- The Malaysian rubber market ended lower today in quiet trading following the closure of the Tokyo rubber futures for Ocean Day and the downtrend in Shanghai Futures Exchange.

A dealer said the lack of demand for natural rubber from China also compounded the negative sentiment leading to the fall in prices.

"Lack of demand from China also caused the investors to remain cautious," a dealer said. At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 lost 9.5 sen to 686.50 sen per kg while latex-in-bulk declined 2.0 sen to 522.50 sen per kg. Meanwhile, the unofficial sellers closing price for tyre-grade SMR 20 fell 4.5 sen to 688.50 sen per kg while latex-in-bulk was down two sen to 522 sen per kg.

-- BERNAMA

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