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Rubber prices close marginally higher on mild buying interest

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Rubber prices close marginally higher on mild buying interest Empty Rubber prices close marginally higher on mild buying interest

Post 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
KUALA LUMPUR (Oct 29): Malaysian rubber prices closed slightly higher today, supported by mild buying interest, dealers said. 

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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