Malaysia: Rubber Market To Trade Mixed Next Week

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KUALA LUMPUR — The Malaysian rubber market is likely to trade mixed next week, tracking the trend in crude oil prices as well as the ringgit’s movements, dealers said. A dealer said traders also remained cautious over the economic uncertainty in China, which is the world’s top buyer of natural rubber. “Rubber prices are also likely to track the movements on the Tokyo Commodity Exchange and Shanghai Futures Exchange,” the dealer added. 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 528 sen a kg while latexin- bulk added 4.5 sen to 421 sen a kg. The 5 pm unofficial closing price for SMR 20 declined 8.5 sen to 529.50 sen a kg while latex-in-bulk rose 2.5 sen to end the week at 420.5 sen a kg.