KUALA LUMPUR — The Malaysian rubber market is expected to be mixed next week with prices staying at current levels, a dealer said.
Another dealer said the local market would also likely move in tandem with the Tokyo Commodity Exchange (TOCOM) and the Shanghai Futures Exchange (SHFE).
“The prices would highly depend on TOCOM, SHFE and also the exchange rate of the US dollar against the ringgit,” he said.
On a weekly basis, the local market traded lower throughout the week, with the Malaysian Rubber Board’s noon price for tyre-grade SMR 20 falling 16 sen to 503.5 sen a kg, while latex-in-bulk rose half-a-sen to 378.5 sen a kg.
The 5 pm unofficial closing price for SMR 20 declined 16.5 sen to 501 sen a kg, while latexin-bulk was one sen higher at 380 sen a kg.
