Rubber Market Closes Lower Tracking Regional Markets, Crude Oil Prices

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Aug 27 (Bernama) -- The Malaysian rubber market eased slightly at the close on Wednesday, tracking losses in regional rubber futures markets and crude oil prices amid weak Chinese economic data, a dealer said.

At the time of writing, Brent crude oil price slid 0.33 per cent to US$66.98 per barrel.

He said Japanese rubber futures also edged lower today as traders weighed the impact of weather risks and global economic uncertainty.

"Nevertheless, further losses were capped by concerns over the tight natural rubber supply," he told Bernama.

At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 declined 6.0 sen to 745.5 sen per kilogramme (kg), while latex in bulk remain unchanged at 571 sen per kg.

-- BERNAMA