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Rubber prices close lower on lack of demand

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Rubber prices close lower on lack of demand Empty Rubber prices close lower on lack of demand

Post by Cals Thu 10 Oct 2013, 21:15

Rubber prices close lower on lack of demand
Business & Markets 2013
Written by Bernama   
Thursday, 10 October 2013 17:58
KUALA LUMPUR (Oct 10): Malaysian rubber prices closed lower today due to lack of demand for the commodity, dealers said.
A dealer said the bearish sentiments were influenced by the weaker rubber prices on the Tokyo Commodity Exchange.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 was 6.5 sen lower at 747 sen a kg and latex-in-bulk shed two sen to 535 a kg.
The unofficial closing price for tyre-grade SMR 20 dropped 14 sen to 738.50 sen a kg and latex-in-bulk eased three sen to 533.50 a kg.
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