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Monday, October 18, 2021

Malaysia: Rubber prices to improve next week

Malaysian rubber prices are expected to improve next week amid strong economic data from China and the US, a dealer said.

He said the market will also follow the movements on the Tokyo Commodity Exchange (TOCOM) and the Shanghai Futures Exchange next week.

For the week just-ended, rubber prices moved within a tight range in line with TOCOM’s.

The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 rose by 15.5 sen to end the week at 792 sen a kg against 776.5 sen a kg last Friday.

Latex-in-bulk lost three sen to 536.5 sen a kg from 533.5 sen a kg previously.

The unofficial closing price for tyre-grade SMR 20 rose 12.5 sen to 792.5 sen a kg from 780.00 sen a kg and latex-in-bulk increased by 2.5 sen to 536.5 sen a kg from 534 sen last Friday.– Bernama

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