The Malaysian rubber market ended mixed yesterday, putting a halt to three straight days of losses, following the uptrend on regional markets and higher-than-expected Chinese purchasing data. External sentiments were better following the uptrend on the Tokyo and Shanghai rubber futures markets while the Chinese Purchasing Managers’ Index for July rose to an 18-month high of 52, better than expectation of 51. The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 rose 5.5 sen to 531.5 sen a kg, while latex-in-bulk eased 1.5 sen to 444.5 sen a kg. Bernama
Posted on: Fri, 25 Jul 2014 10:44:47 +0000
Recently Viewed Topics
© 2015