KUALA LUMPUR — The Malaysian rubber market is expected to be mixed this week as players stay cautious on further movement of the ringgit and crude oil prices, a dealer said.
The downtrend in the rubber price on the Tokyo Commodity Exchange and a stronger yen are also expected to weigh on the sentiment of the market.
On a Friday-to-Friday basis the Malaysian Rubber Board’s sellers’ official physical price for tyre-grade SMR 20 increased three sen to 524.50 sen per kg while latex-in-bulk eased 1.0 sen to 408 sen per kg. The unofficial sellers’ closing price for tyre-grade SMR 20 added 1.5 sen to 523.50 sen per kg while latex-in-bulk trimmed one sen to 407 sen per kg.
- Bernama
