Karet Alam Natural Rubber

REF: http://globalrubbermarkets.com/20768/malaysia-rubber-market-extends-losses.html

KUALA LUMPUR: The Malaysian market extended its losses to close lower yesterday despite the sharp rebound in overnight, dealers said.

A dealer said the local market was also dampened by the negative response over a report that exporters were currently exercising caution as the world’s second largest rubber producer held on to stocks this week after prices tumbled to within striking distance of five-year lows.

At the close, the Board’s official physical price for tyre-grade 20 fell 8.5 sen to 486.50 sen a kg and latex-in-bulk eased 0.5 sen to 397.50 sen a kg.

The unofficial closing price for tyre-grade SMR 20 increased 0.5 sen to 489 sen a kg, while latex-in-bulk edged up 0.5 sen to 398 sen a kg. Bernama