Malaysian rubber prices closed higher today on renewed buying support amid a tight supply situation due to the rainy weather in the country.
He said the performance of the local market was also in tandem with the uptrend in rubber prices on the Tokyo Commodity Exchange, resulting from the prospects of an extended US monetary stimulus.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 rose seven sen to 737 sen a kg while latex-in-bulk added one sen to 519.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 gained four sen to 735 sen a kg while latex-in-bulk rose one sen to 519.5 sen a kg.
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