Rubber market closes higher

The Malaysian Rubber Board’s (MRB) price for Standard Malaysian Rubber (SMR) 20 increased 14 sen to 735.50 sen a kg yesterday while latex-in-bulk rose 7.5 sen to 552 sen per kg. At 5pm, MRB’s closing price for SMR 20 stood at 727 sen a kg while latex-in-bulk was at 556.5 sen a kg

KUALA LUMPUR: The Malaysian rubber market closes higher, lifted by the strong performance of the regional futures market and a weaker ringgit against the US dollar, a dealer says.

He said market sentiment yesterday was also boosted by optimism from China’s central bank measures and strong global manufacturing data.