KUALA LUMPUR — The Malaysian rubber market is likely to continue its uptrend momentum next week riding on the weakening ringgit amid improved trading on regional rubber markets, dealers said. A dealer said the weakening ringgit would provide a boost to demand while improved prices on regional rubber markets will help to support the price uptrend.
On a weekly basis, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 rose 18.5 sen to 519.0 sen a kg while while latex-in-bulk jumped 27 sen to 452.0 sen a kg. Meanwhile, the unofficial physical price for tyre-grade SMR 20 perked 16.5 sen to 514.0 sen a kg and latex-in-bulk advanced 32.5 sen to 455.0 sen a kg.
