KUALA LUMPUR — The Malaysian rubber market is expected to trade cautiously next week against the backdrop of volatile currency movements and declining crude oil prices, dealers said.
A dealer said the rubber performance would also track the performance ofother commodities and regional futures markets namely the Tokyo Commodity Exchange and Shanghai Futures Exchange.
For the week just-ended, rubber prices were mostly lower due to weak buying support.
On a weekly basis, the local market traded lower with the Malaysian Rubber Board’s noon price for tyre-grade SMR 20 easing eight sen to 527 sen a kg while latex-in-bulk slipped 15 sen to 427 sen a kg.
The 5 pm unofficial closing price for SMR 20 declined three sen to 525.50 sen a kg while latex-in-bulk fell 16.5 sen to end the week at 424.5 sen a kg.
