The Malaysian rubber market ended lower for the fourth consecutive day as buyers remained sidelined ahead of the Labour Day market closure on May 1.
"Although the Tokyo Commodity Exchange was slightly up most traders adopted a wait and see attitude, expecting prices to turn easier in the near future," he said.
At 12pm, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 fell 31.5 sen to 1,381.5 sen per kg, from 1,413.0 sen per kg, yesterday while latex-in-bulk dropped 15.5 sen to 990.5 sen per kg, from 1,006.0 sen per kg, recorded previously.
The unofficial sellers' closing price for tyre-grade SMR 20 fell 21 sen to 1,374.5 sen per kg while latex-in-bulk eased 10.5 sen to 989.0 sen per kg. – Bernama
(Source: http://www.btimes.com.my/Current_News/BTIMES/articles/20110428173044/Article/index_html)
Friday, April 29, 2011
Rubber prices end lower
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