Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Bursa Community

Bursa Malaysia Stock Forum - Enriching You!


Rubber prices close lower

Bursa Community :: Community News

Go down

Rubber prices close lower Empty Rubber prices close lower

Post by Cals Tue 19 Nov 2013, 17:54

Rubber prices close lower
Business & Markets 2013
Written by Bernama   
Tuesday, 19 November 2013 17:36
KUALA LUMPUR (Nov 19): Malaysian rubber prices closed lower today on lack of demand for the commodity, dealers said.
They said the fall in the local rubber market was also in tandem with the decline on the Tokyo Commodity Exchange which eased following the strengthening yen, which reduced the appeal of yen-denominated futures, and weaker oil prices.
"The rising yen and the falling oil prices encouraged investors to sell contracts to stop losses," said a dealer.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 decreased 3.5 sen to 731 sen a kg and latex-in-bulk slipped 1.5 sen to 515 sen a kg.
The unofficial closing price for tyre-grade SMR 20 fell 3.5 sen to 731 sen a kg while latex-in-bulk dipped two sen to 514.5 sen a kg.
Cals
Cals
Administrator
Administrator

Posts : 25277 Credits : 57721 Reputation : 1766
Male Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

Back to top Go down

Back to top

- Similar topics

Bursa Community :: Community News

 
Permissions in this forum:
You cannot reply to topics in this forum