KUALA LUMPUR — The Malaysian rubber market is likely to remain stable next week amid fluctuating crude oil prices, dealers said. A dealer said there were also uncertainties in the benchmark Tokyo Commodity Exchange futures market following Japan’s stimulus package announced earlier this week.
“The current development in Japan, including the yen’s performance, would be among the factors affecting the rubber market in the region. “On the home front, the rubber market would also depend on the ringgit’s performance against the US dollar. The local rubber market, despite these factors, is still stable overall,” he told Bernama. On a weekly basis, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 gained 10.5 sen to 517.50 sen a kg while while latex-in-bulk dipped 2.5 sen to 453.0 sen a kg. The unofficial physical price for tyre-grade SMR 20 added 10.5 sen to 515.50 sen a kg and latex-in-bulk fell 12 sen to 449.0 sen a kg.
