KUALA LUMPUR — The Malaysian rubber market is expected to remain quiet next week on a lack of catalysts, said a dealer.
He added that the local market’s movement would depend on the performance of rubber futures prices on the Tokyo Commodity Exchange (TOCOM) and the Shanghai Futures Exchange, as well as the ringgit and movement of oil prices.
For the week just-ended, the market traded lower to mixed in tracking external factors, mainly the movement of TOCOM. The market was closed on Monday for the installation of the 15th Yang Di-Pertuan Agong.
On a Friday-to-Friday basis, the Malaysian Rubber Board’s noon price for SMR 20 declined by 11.5 sen to 680.5 sen a kg, while latex-in-bulk eased 15.5 sen to 598.0 sen a kg.
The 5 pm unofficial closing price for SMR 20 improved 17 sen to 695.0 sen a kg, while latex-in-bulk slipped 12 sen to 600.0 sen a kg.
