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Rubber prices close higher in tandem with TOCOM

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Rubber prices close higher in tandem with TOCOM Empty Rubber prices close higher in tandem with TOCOM

Post by Cals Mon 02 Sep 2013, 18:27

Rubber prices close higher in tandem with TOCOM
Business & Markets 2013
Written by Bernama
Monday, 02 September 2013 18:02

KUALA LUMPUR (Sept 2): The Malaysian rubber market closed higher today in line with the rise in prices on the Tokyo Commodity Exchange (TOCOM), dealers said.

A dealer said prices on TOCOM extended their gains due to the weakening yen against the US dollar and positive economic data from China — the world's biggest rubber consumer.

At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 declined 1.5 sen to close at 793.50 sen per kg, while latex-in-bulk gained 0.5 sen to 554 sen per kg.

The unofficial closing price for tyre-grade SMR 20 increased 12.5 sen to 801.5 sen per kg, while latex-in-bulk rose four sen to 557 sen per kg.

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