KUALA LUMPUR — The Malaysian rubber market is likely to continue to trade range-bound next week as the weather heads into the wintering season, curbing rubber production.
“The fundamentals, however, remain intact and sustainable,” said a dealer, adding that tyre-grade SMR 20 was expected to move between 880 sen and 900 sen per kg.
For the week just ended, the market was traded mixed, driven by the volatility of the ringgit and backed by the performance of the Tokyo Commodity Exchange (TOCOM), that normally played a key role in influencing the Malaysian market.
On a Friday-to-Friday basis, the Malaysian Rubber Board’s noon price for SMR 20 rose five sen to 889 sen per kg, while latex-in-bulk fell 34.5 sen to 725 sen per kg.
