Rubber mixed in KL and Jakarta

Rubber mixed in KL and Jakarta

KUALA LUMPUR (Reuter): Malaysian rubber prices ended the week mixed after adjusting to the fluctuations of a battered ringgit and rupiah, local traders said yesterday.

Buying of the SMR20 and other selected SMR grades by agents covering earlier sales to foreign clients helped keep prices steady, said traders.

At the close, the benchmark RSS1 for September buyer was officially priced at 250.50 cents (90 cents U.S.), down half cent from Thursday's close. The SMR20 for September buyer was quoted a cent up at 250 cents a kg.

Meanwhile in Jakarta, Indonesian tire-grade SIR20 offer prices were stable in late trading yesterday with rupiah movements the main issue in the market, traders said.

They said a deal was done overnight at 42 U.S. cents/lb fob Palembang for October shipment and at 42.25 fob Medan.

Offer prices were quoted at 43 fob Medan for November shipment, 41.50 fob Padang, Pontianak and Jambi for September shipment and 42 fob Surabaya. Traders offered rubber at 42 fob Surabaya.