RUBBER

THE Malaysian rubber market closed mixed yesterday, tracking the regional rubber futures markets as concerns over the escalating trade tensions between the United States ( US) and China weighed on markets throughout Asia.

A dealer said the rubber market was negatively impacted by losses in the commodities market as additional tariffs were imposed on products imported from China.

“Nevertheless, losses were capped by a weaker ringgit against the US dollar,” the dealer said.

At 12 pm, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 was unchanged at 523 sen per kg and latex- in- bulk eased three sen to 405.5 sen per kg.

The unofficial closing price for tyre- grade SMR 20 added one sen to 521 sen per kg while latex- in- bulk slipped five sen to 405.5 sen per kg.