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Monday, August 15, 2022

Malaysia: Rubber to stay at current level next week

The Malaysian rubber market is likely to stay at the current levels next week amid quiet trading with buyers staying on the sidelines due to public holiday, dealers said.

Regionally, other major futures markets were expected to trade sideways as concerns over the uncertainties of the global economic situation weighed on risk appetite.

On a Friday-to-Friday basis, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 fell 20.5 sen to 717 sen a kg, while latex-in-bulk eased 3.5 sen to 524 sen.

The unofficial closing price for tyre-grade SMR 20 lost 6.5 sen to 722 sen a kg, while latex-in-bulk slipped 1.5 sen to 525 sen a kg.– Bernama

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