KUALA LUMPUR — Sentiment on the Malaysian rubber market is likely to remain weak next week on lack of catalysts, as investors take a wait-and-see attitude as the US-China trade war kicked off, said a dealer.
On Friday, China had imposed countermeasures immediately after the US tariffs came into force.
The US has slapped a 25 per cent duties on US$34 billion worth of Chinese goods which came into force earlier in the day.
On a Friday-to-Friday basis, the Malaysian Rubber Board’s sellers official physical price for tyre-grade SMR 20 declined 24 sen to 517.5 sen per kg while latex-in-bulk lost 31.5 sen to 411.0 sen per kg.
The unofficial sellers’ closing price for tyre-grade SMR 20 slipped 15 sen to 524.0 sen per kg and latex-in-bulk fell 25.5 sen to 412.0 sen per kg.