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NewsRubber prices close marginally higher on mild buying interest
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Rubber prices close marginally higher on mild buying interest
by Cals Tue 29 Oct 2013, 23:52
| Rubber prices close marginally higher on mild buying interest |
| Business & Markets 2013 |
| Written by Bernama |
| Tuesday, 29 October 2013 18:35 |
The positive performance seen in market trendsetter, Tokyo Commodity Exchange, also influenced the local market to trade higher, a dealer said.
Speaking to Bernama, he said the stronger ringgit against the US dollar, helped to attract buying interest among foreign buyers.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 was 1.5 sen better, at 722.5 sen a kg, while latex-in-bulk was unchanged at 525 sen a kg.
The unofficial closing price for tyre-grade SMR 20 rose 2.5 sen, to 724 sen a kg, while latex-in-bulk was unchanged at 525 sen a kg.
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