KUALA LUMPUR: The Malaysian rubber market ended mostly higher today despite weaker performances of regional rubber future markets due to concerns over the Covid-19 outbreak impact on global economy, said a dealer.
She said the gains were buoyed by a moderate increase in oil prices with the benchmark Brent crude oil rising 2.17% to US$55.18 per barrel.
At 12pm, the Malaysian Rubber Board’s (MRB) reference physical price for tyre-grade SMR 20 rose 0.5 sen to 549.5 sen per kg, while latex-in-bulk increased five sen to 466.0 sen per kg.
At 5pm, the MRB’s reference physical price for SMR 20 fell 3.5 sen to 549.5 sen per kg, while latex-in-bulk gained 1.5 sen to 465.0 sen per kg. – Feb 12, 2020, Bernama.
