KUALA LUMPUR — Regional bearish sentiment is expected to further pressure prices on the Malaysian rubber market next week, said a dealer.
He said that expectations of the ringgit continuing its upward momentum would also affect the price movement.
Regionally, he said investors remained cautious ahead of a policy decision by Japan’s central bank after ending a two-day meeting on Friday.
On a Friday-to-Friday basis, the Malaysian Rubber Board sellers’ official physical price for tyre-grade SMR 20 declined 34 sen to 445 sen a kg, while latex-in-bulk slipped 7.0 sen to 369 sen a kg.
The unofficial closing price for tyre-grade SMR 20 decreased 34.5 sen to 444.5 sen a kg, while latex-in-bulk shed 10.5 sen to 367.5 sen a kg.
