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Rubber prices close higher, in line with TOCOM

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Rubber prices close higher, in line with TOCOM Empty Rubber prices close higher, in line with TOCOM

Post by hlk Fri 06 Dec 2013, 18:41

Business & Markets 2013
Written by Bernama
Friday, 06 December 2013 17:53
A + A - Reset
KUALA LUMPUR (Dec 6): Malaysian rubber prices closed higher today, in line
with better prices on the Tokyo Commodity Exchange (TOCOM), dealers said.
Demand for local rubber received a boost on the back of firm oil prices, but
profit-taking limited gains.
"Firm oil prices helped support TOCOM, but a portion of the players took profits
ahead of the weekend, and that capped the rise," a dealer said.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade
SMR 20, decreased two sen to close at 740.50 sen per kg, while latex-in-bulk
gained two sen to 523.5 sen per kg.
The unofficial closing price for tyre-grade SMR 20 increased four-and-a-half
sen to 745 sen per kg, while latex-in-bulk rose two-and-a-half sen to 525 sen
per kg.
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