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Monday, August 15, 2022

Rubber may see volatile trading next week

Malaysian rubber prices are expected to be volatile next week amid weak global economic sentiment, dealers said.

Prices are expected to influenced by the supply and demand situation and the futures market.

External factors, namely developments in the United States and Europe, would also have a bearing on the rubber market, a dealer said, adding that prices are expected to move in tandem with the Tokyo Commodity Exchange and the Shanghai Futures Exchanges.

For the week just-ended, rubber prices moved like a “yoyo” in the absence of positive external factors.

On a Friday-to-Friday basis, the Malaysian Rubber Board’s official physical offer price for tyre-grade SMR 20 fell 14.5 sen to 891 sen per kg while latex-in-bulk slipped 2.5 sen to 617 sen per kg.

The unofficial closing offer price for tyre-grade SMR 20 dropped 27 sen to 881.5 sen per kg and latex-in-bulk eased four sen to 615.5 sen per kg.


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