RUBBER MARKET ENDS MIXED

ZUFAZLIN BAHARUDDIN

KUALA LUMPUR, Jan 2 (Bernama) -- The Malaysian rubber market closed mixed today, despite the better sentiment on firmer oil prices, spurred by encouraging signs of a trade deal between the US and China soon.

At press time, the benchmark Brent crude oil futures rose 0.76 per cent to US$66.50.

A dealer said the first day of trading in 2020 led to a quiet tone even though the market was influence positively over news on Tuesday that China would ramp up investment in train lines this year to bolster its slowing economy.

At 12 pm, the Malaysian Rubber Board’s (MRB) reference physical price for tyre-grade SMR 20 rose two sen to 593.0 sen per kg and latex-in-bulk increased two sen to 455.0 sen per kg.

At 5 pm, the MRB’s reference physical price for SMR 20 drop 5.5 sen to 584.50 sen per kg, while latex-in-bulk slipped 1.5 sen to 451.0 sen per kg.

-- BERNAMA

 

TAGS: 

Malaysian rubber market, MRB, SMR 20, US-China trade deal