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Rubber prices close mixed

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Rubber prices close mixed Empty Rubber prices close mixed

Post by Cals Thu 28 Nov 2013, 18:33

Rubber prices close mixed
Business & Markets 2013
Written by Bernama   
Thursday, 28 November 2013 17:38
KUALA LUMPUR (Nov 28): Malaysian rubber prices closed mixed today in a quiet market on low buying interest, a dealer said.
She said the slight fall was due to China's buyers not buying because its rubber stocks are high, and prices are expected to be in a tight range of between RM7.24 to RM7.30.
"On market conditions, buyers are sidelined thus resulting in less demand," she told Bernama.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 increased four sen to 732.50 sen a kg and latex-in-bulk remained unchanged at 511.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 decreased four sen to 735 sen a kg while latex-in-bulk rose one-and-a-half sen to 512.50 sen a kg.
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