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NewsRubber price closes sharply lower in quiet trading, due to absence of major market players
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Rubber price closes sharply lower in quiet trading, due to absence of major market players
by Cals Sat 04 Jan 2014, 01:29
| Rubber price closes sharply lower in quiet trading, due to absence of major market players |
| Business & Markets 2013 |
| Written by Bernama |
| Friday, 03 January 2014 17:46 |
KUALA LUMPUR (Jan 03): Rubber price close sharply lower today in quiet trading, due to the absence of major market players, a dealer said.
He said the Kuala Lumpur rubber market opened lower today, as compared to yesterday's closing, as market players still remained on the sidelines at the start of the new year, due to lack of fresh leads.
The Tokyo Rubber Futures Exchange, which sets the tone for the rubber price, is still close and will only resume trading on Monday.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 fell 10.5 sen to 733.5 sen a kg, and latex-in-bulk slipped 13 sen to 517.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 fell 12.5 sen to 728 sen a kg, while latex-in-bulk also shed 12.5 sen to 511 sen a kg.
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