Rubber Market Closes Marginally Higher on Sept.2
2016-9-5 21:04:06Editor：AmandaFont Size：Big Medium Small
The Malaysian rubber market extended its positive performance last Friday to end slightly higher today, in tandem with the uptrend in regional rubber futures markets, a dealer said.
He said rubber futures on the Tokyo Commodity Exchange (TOCOM) rose for a third straight session Monday, hitting a nearly three-week high, resulting from a weaker yen against the US dollar, while firm crude oil prices supported market sentiment.
At noon, the Malaysian Rubber Board's official physical price for SMR 20 rose half-a-sen to 528 sen a kg and latex-in-bulk improved seven sen to 447 sen a kg.
The 5 pm unofficial closing price for SMR 20 gained half-a-sen to 530 sen a kg while latex-in-bulk increased 3.5 sen to 448 sen a kg.
BERNAMA
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